SSEZF News and Press, SSE PLC From 05/25/22

SSE plc (SSEZF) Q4 2022 Earnings Conference Call May 25, 2022 4:00 AM ET Company Participants Alistair Phillips-Davies - Chief Executive Gregor Alexander - Finance Director Martin Pibworth - Chief Commercial Officer Conference Call Participants Mark Freshney - Credit Suisse Martin Young - Inv...

SSE plc press release (OTCPK:SSEZF): FY Non-GAAP EPS of 95.4p. Revenue of £8.61B (+26.2% Y/Y). For further details see: SSE plc Non-GAAP EPS of 95.4p, revenue of £8.61B

The following slide deck was published by SSE plc in conjunction with their 2022 Q4 earnings call. For further details see: SSE plc 2022 Q4 - Results - Earnings Call Presentation

The CEO of Ofgem, the UK's gas and electricity regulatory authority, warned lawmakers Tuesday that Brits should brace for a 42% increase in utility bills this fall. The seasonal utility price cap will reset in October, likely rising to ~$3,500 and sending ~12m households into energy poverty (...

Wind energy has significant tailwinds going forward. Onshore wind has one of the lowest energy costs. Offshore wind has a vast potential to become a main energy supplier in the future. I will present a lot of companies active in the wind energy sector. The sector looks attract...

Siemens Gamesa (OTCPK:GCTAY) said Tuesday it agreed to sell its European onshore wind portfolio to U.K. energy company SSE (OTCPK:SSEZY) for €580M ($626M). The companies said the deal includes 3.9 GW of onshore wind projects in Spain, France, Italy and Greece and the possibility of dev...

SSE (OTCPK:SSEZY) is in advanced talks to buy Siemens Gamesa's (OTCPK:GCTAY) wind farm development unit, with a deal expected to be announced later this week, Reuters reported on Tuesday. Bidders originally were considering valuations of ~€300M ($323M) but the price tag grew during the...

SSE (OTCPK:SSEZY +0.6%) again rebuffs activist investor Elliott Advisors' efforts to convince the U.K. utility to split off its renewables business into a separate unit. SSE says its board "categorically concluded" that the separation of SSE Renewables would not prove the best way to maximize...

Equinor (EQNR +2.5%) and SSE (OTCPK:SSEZY) say they secured financing to proceed with the construction of the £3B ($3.98B) Dogger Bank C offshore U.K. wind farm. The project is the third phase of the 3.6 GW Dogger Bank wind complex, which the companies say will become the world's largest...

Royal Dutch Shell (RDS.A, RDS.B) says it signed a 15-year power purchase agreement for electricity from Dogger Bank, which will be located off the coast of northeast England and become the world's largest offshore wind farm; financial terms are not disclosed. The deal includes a 20% power sha...