SSE plc: Vessel Availability Will Unlock Offshore Capacity Growth
Source: SeekingAlpha
2025-03-13 11:52:38 ET
Summary
- 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.
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SSE plc: Vessel Availability Will Unlock Offshore Capacity Growth
SSE Plc ADR
NASDAQ: SSEZY
SSEZY Trading
-1.58% G/L:
$35.925 Last:
155,226 Volume:
$36.715 Open:
