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Share Price: 1,709.50
Bid: 1,713.50
Ask: 1,714.50
Change: 13.50 (0.80%)
Spread: 1.00 (0.058%)
Open: 1,703.00
High: 1,730.00
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Renewable energy firms set to deliver multi-billion wind farms in UK

Wed, 13th May 2020 09:48

(Sharecast News) - UK green energy companies are set to deliver multi-billion pound wind farm investments across the north-east of England and Scotland to help power the new economy through clean energy.

Scottish Power plans to reopen Scotland's oldest commercial wind farm as part of a £150m scheme to develop a clean energy cluster in central Scotland capable of supplying 100,000 homes with green electricity.

The wind farm is expected to create 600 jobs at its peak, and 280 long-term jobs.

Keith Anderson, the boss of Scottish Power, told the Guardian that the upgrade of Scotland's first commercial wind farm, Hagshaw Hill, will come alongside two separate agreements to buy two nearby development projects.

Separately, SSE and Equinor have revealed plans to use the Port of Tyne to host the operations base for the world's largest offshore wind development, which will create 200 permanent jobs.

Equinor will be constructing the facility. The joint venture partner will operate the wind farm for its expected lifetime of more than 25 years and will base its O&M teams at the centre.

Construction of the wind farm, led by SSE Renewables, began in January 2020.

Secretary of State for Business Alok Sharma said: "This new facility is fantastic news for Tyneside and the North East of England. Renewable energy is one of the UK's great success stories, providing over a third of our electricity and thousands of jobs.

"Projects like Dogger Bank will be a key part of ensuring a green and resilient economic recovery as well as reaching our target of net zero emissions by 2050."

Equinor North Sea new energy solutions senior vice president Stephen Bull said: "The UK government has legislated to cut carbon emissions to net zero by 2050.

"Major scale renewable energy projects like Dogger Bank ensures Britain's leadership as the #1 offshore wind nation. Moreover, the project brings new investment to the UK, at a challenging time for us all, and secures over 200 jobs in the region as well as new opportunities in a future-fit growth sector."
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20 Jan 2023 07:51

LONDON BRIEFING: UK retail sales fall in December; US Fed to stay firm

(Alliance News) - Stock prices in London were set to open higher on Friday, despite a warning about higher-for-longer US interest rates and an unexpected fall in UK retail sales in December.

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20 Jan 2023 07:05

SSE lifts earnings forecast

(Sharecast News) - Power generator SSE upgraded annual earnings expectations as higher gas prices and better storage offset lower-than-expected renewables output.

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18 Jan 2023 10:39

Morgan Advanced Materials names former SSE CEO as chair designate

(Alliance News) - Morgan Advanced Materials PLC on Wednesday named former John Wood Group PLC chair and SSE PLC chief executive officer Ian Marchant as its new chair.

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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16 Jan 2023 09:34

LONDON BROKER RATINGS: SocGen raises Severn Trent to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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13 Jan 2023 09:40

LONDON BROKER RATINGS: Berenberg likes Pendragon; HSBC cuts Keywords

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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5 Jan 2023 15:41

UK dividends calendar - next 7 days

Friday 06 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Pets at Home Group PLCdividend payment date
RS Group PLCdividend payment date
Town Centre Securities PLCdividend payment date
Monday 09 January 
abrdn Equity Income Trust PLCdividend payment date
Caffyns PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Investec PLCdividend payment date
Tuesday 10 January 
LondonMetric Property PLCdividend payment date
Norcros PLCdividend payment date
Wednesday 11 January 
3i Group PLCdividend payment date
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
National Grid PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Severn Trent PLCdividend payment date
VP PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
Thursday 12 January 
Ashtead Group PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCspecial ex-dividend payment date
D4T4 Solutions PLCdividend payment date
Ecora Resources PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Focusrite PLCex-dividend payment date
GSK PLCdividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Origin Enterprises PLCex-dividend payment date
Premier Miton Group PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Regional REIT Ltddividend payment date
Sage Group PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Smiths News PLCex-dividend payment date
SSE PLCex-dividend payment date
TR Property Investment Trust PLCdividend payment date
  
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4 Jan 2023 09:38

LONDON BROKER RATINGS: Bernstein cuts Aveva to 'market-perform'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and late Friday:

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3 Jan 2023 09:03

LONDON MARKET OPEN: Stocks jump in first session of 2023

(Alliance News) - Stock prices in London made a strong start to the new year on Tuesday, despite weak Chinese data and the UK suffering a fresh wave of rail strikes.

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21 Dec 2022 16:38

IN BRIEF: SSE Managing Director Wheeler sells GBP50,000 in shares

SSE PLC - Perth, Scotland-based electricity utility - SSE Renewables Managing Director Stephen Wheeler sells 3,000 shares at GBP17.09 each, worth GBP51,270, in London on Wednesday.

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15 Dec 2022 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by half a percent

(Alliance News) - Stock prices in London were lower at midday, after the Bank of England raised UK interest rates by half a percentage point, as expected.

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15 Dec 2022 10:05

National Grid and SSE welcome Ofgem's electricity investment approvals

(Alliance News) - National Grid PLC and SSE PLC on Thursday said it welcomed the decision from Ofgem that confirmed that increased electricity transmission investment is necessary.

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