SSE in £4.5m deal with Nissan

Scottish and Southern Energy has clinched a deal to provide the power for a new Nissan electric car battery plant in Sunderland. The deal is for an embedded electricity network – a bespoke power system operating outside a supplier’sregulated distribution areas – and the Nissan deal is the 100th such contract signed by SSE. Nissan […]

SSE gets hydro green light

SSE Renewables, the renewables arm of Scottish and Southern Energy, has been given the go-ahead to develop a new 7.5MW hydro electric power station at Kildermorie, Ross-shire. The Kildermorie hydro electric scheme will generate enough electricity to power around 9,400 homes. It will consist of a new dam and storage reservoir at the head of […]

SSE in £750/€500m securities first for UK

Scottish and Southern Energy has launched an issue of capital hybrid securities, a financial instrument which is perpetual and subordinate to all senior creditors. The dual tranche issue comprises £750m and €500m and has an all-in funding cost to SSE of around 5.6% per annum. This hybrid capital securities launch in sterling is the first […]

SSE plans CCS project at Peterhead

Scottish and Southern Energy is to prepare a carbon capture and storage project at its gas-fired power station at Peterhead, Aberdeenshire. The project will demonstrate post-combustion capture of carbon dioxide emissions relating to the electricity output of the equivalent of 400MW of capacity. It would involve using an existing gas turbine, an existing steam turbine, […]

Scottish government looks into loan fund for energy projects

The Scottish government has commissioned a feasibility study to look into the early stage financing for renewables projects. It will be carried out by the Scottish Agricultural College in conjunction with Community Energy Scotland and will report back in three months. The study will consider whether a loan fund could be established that will encompass […]

Energy giants slam door on cold calling

The six major energy firms in the UK have agreed to not doorstep customers who have said no to cold calling. In the past, residents who lived in recognised ‘no cold calling zones’ were nevertheless visited by energy agents. Now, following a campaign by watchdog Consumer Focus and the Trading Standards Institute, British Gas, EDF […]

Airtricity enters NI electricity market

A Dublin energy firm is to go head-to-head with NIE Energy to sell electricity in Northern Ireland. Airtricity, owned by Scottish and Southern Energy, is to enter the Northern Irish electricity market hot on the heels of its announcement this month that it is to become a player in the Republic of Ireland’s gas market. […]

Animal sludge and waste food to produce renewable energy

In a £13.5m deal, Scottish and Southern Energy is to build Scotland’s largest biomass plant in north Ayrshire, which will use animal sludge and waste food to produce renewable energy. The anaerobic digestion plant, at a landfill site at Barkip, is expected to be operational by next year. It will be capable of processing around […]