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SSE is hampered in capacity growth, particularly skewed towards offshore wind, despite having lots of undeveloped asset space and projects underway.
The issue is installation vessel availability, but once that is resolved, nice capacity increases are coming.
SSE is making major battery investments as well to help them monetize electricity at opportune moments, supporting their regulated utility business.
We don't expect incremental trouble from Ofgem, and SSE valuation is in the lower range of peers together with a handful of others, but it's not that cash generative of an industry.