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SSE Cuts £3 Billion Amid Renewable Project Challenges

6/4/2025

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Summary

Story summary

SSE and Drax are grappling with challenges in their renewable projects as costs soar and planning delays mount. SSE is set to slash its investment budget by £3 billion, jeopardizing key initiatives like Coire Glas and Berwick Bank. In response, oil and gas executives are calling on the government to reduce windfall taxes to protect jobs and stimulate energy investment in the UK.

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Story summary

SSE and Drax are grappling with challenges in their renewable projects as costs soar and planning delays mount. SSE is set to slash its investment budget by £3 billion, jeopardizing key initiatives like Coire Glas and Berwick Bank. In response, oil and gas executives are calling on the government to reduce windfall taxes to protect jobs and stimulate energy investment in the UK.