Perth -based SSE has confirmed it will invest “significantly more” than it earns in profit to expand Britain’s energy infrastructure over the next few years after reporting an operating profit of £1.5 billion, a 15 per cent year-on-year increase.
However the firm’s chief executive, Alistair Phillips-Davies, has had to defend its rise in annual profits amid the cost of living crisis and dismissed the need for a windfall tax.
The Dunkeld Road-headquartered energy group revealed plans to invest more than £15bn in Scotland and over £24bn in Britain’s electricity infrastructure system this decade as part of its Net Zero Acceleration Programme (‘NZAP’).
