Sse Share Discussion Threads

[pierre oreilly] 20/5/2022 10:48

While it's excellent that money is going into something based on engineering considerations instead of 'green' considerations, the whole project isn't without concerns.

Cost. Dinorwig when built was the most expensive civil engineering contract awarded. I'm sure methods of safely carving out an enormous cavern inside a mounain is cheaper these days, but even so, i hope there's gov guarantees for a project of this size.

Dino was predicated on supply of primary and seconday reserve power. I.e. fast reacting, on standby all the time, sometimes spinning in air, (such reserve payments are very high, and in addition to generation payments should they be instructed to generate - it's just insurance really). The bumpf of this umped hydro seems to be mainly about storage and not automatic frequency support (i.e. primary/secondary reserve). I think that may be due to the public understanding storage and not reserve (fair enough).

But, It's in Scotland, and a long way from the demand in the south east of england, so tramsmission losses there, and that assumes the scotland/england interconnector isn't already at capacity. (There's no suitable sites in the se for pumped storage, or in england at all).

There was an element of obfuscation in the video, Something like 'we have 4GW of storage now, and 40GW are needed and this 1500MW project will go a long way to satisfy that' owtte. Probably an intentional use of 1500MW as opposed to 1.5GW.

All in all, great to see more pumped storage, but we won't get the benefits of dinorwig, and i hope the costs are well controlled.

We really need nukes (and storage) to solve our looming problems, and I'm afraid to say, more windmills make the situation worse, not better.

[ram376s] 19/5/2022 12:38

Pop up SSE .300 nurses to train forGDR new game changer test . Possible multibagger.Anticipated news .

[maywillow] 19/5/2022 12:11

SSE PLC and Brookfield Asset Management have signed a power purchase agreement with a consortium of Dutch industrial companies for the supply of electricity from the Hollandse Kust West offshore wind farm in the Netherlands.

The U.K. energy group said Thursday that the consortium, which represents 13 large and small consumers, will receive a large part of the power produced by the 700-megawatt wind farm for 15 years.

"The contract provides critical renewable power to Dutch industrial companies, some of which do not have an investment grade credit rating and therefore could otherwise not access low carbon energy in this way," SSE said.

SSE and asset manager Brookfield last week submitted joint bids for the Hollandse Kust West offshore wind tenders.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

May 19, 2022 06:15 ET (10:15 GMT)

[the deacon] 19/5/2022 10:41

Decision on SSE's Coire Glas pumped hydro by the summer if I recall correctly

[marktime1231] 17/5/2022 17:27

Good to read Drax are pushing their plan to expand their Cruachan pumped hydro, a shame it will take 6-8 years we need this yesterday, a shame SSE are not progressing their own plans, a shame the recent UK policy panic response to the energy crisis does not set out how it will support such long duration storage schemes in order to give everyone the confidence to invest.

[skinny] 17/5/2022 14:10

The 25th should be interesting!

[garycook] 17/5/2022 14:09

Skinny,Another £1 to go at least.

[skinny] 17/5/2022 13:49

Another ATH @1,899.50.

[bountyhunter] 17/5/2022 13:26

1888p now, looking like we may be heading for yet another closing high!

Live price

[frederickbloggs] 17/5/2022 11:37

2000 here by end of summer? Perfect energy market for SSE and their strategy.

[jrphoenixw2] 30/4/2022 13:26

Another record close yesterday at 1868.5p. That was Friday's high too, which looks bullish considering it's a long weekend + all the stuff going on in the world.

I'm looking forward to 25th May - Prelim results and dividend declaration.

Meanwhile the Technical Analysis is looking robust too

[garycook] 29/4/2022 03:45

Skinny,Come back when SSE is £20.

[skinny] 28/4/2022 16:59

Another ATH @1,869.

[pierre oreilly] 27/4/2022 12:42

For each unit of electricity generated, Drax burning wood emits more co2 than when it burnt coal.

That's before considering the extremely energy intensive processes of turning trees into dry wood pellets, and then shipping them 4000 miles to Drax. (Compared to no processing for coal, and shipping it half a mile).

And drax was the cleanest coal station on the planet.

[marktime1231] 27/4/2022 12:30

Not a Drax investor nor am I exclusively a green energy obsessive, but their announcement today has me v irritated. Claiming that the import of wood pellet biomass from the US etc is 99% sustainable. And celebrating that it has CCS at the engineering design stage and is fully committed to making a financial investment decision in 2024 "with the right government support".

After coal I suspect Drax power station is one of the most intense emitters of atmospheric CO2 in the UK, importing wood chip from the US at a rate which is not at all sustainable and which would take 30-50 years to regrow so hardly carbon-neutral, only to burn it here without emmissions capture, and .... aaaaaagh!

To offset its damage Drax would have to plant new forest in the UK at the rate of ... starting 30 years ago ... aaaaagh!

Greenwashing what is a dirty business no better than running a log burner.

Much happier with SSE and those companies genuinely working towards not emitting greenhouse gas.

[waldron] 27/4/2022 10:36

SSE PLC said Wednesday that it has formed a partnership with the renewable company of Brookfield Asset Management Inc. to participate in tenders for offshore wind projects in the Netherlands.

U.K. energy group SSE said the 50:50 partnership will participate in the Hollandse Kust (west) tenders, which are offering 1.4 gigawatts of power generation capacity.

Both companies view the Netherlands as a leading market for offshore wind development, supported by ambitious targets and a strong focus on innovation, SSE said.

Brookfield is a Canadian asset manager with around $690 billion of assets under management. Brookfield Renewable is its listed renewable power company.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

April 27, 2022 03:06 ET (07:06 GMT)

[jrphoenixw2] 26/4/2022 17:16

Adding to: Skinny - 'Another ATH @1,866.'
Plus, another closing price record @ 1,834 [LSE].

[bountyhunter] 26/4/2022 09:51

I nearly sold out when the dividend was rebased but now I'm glad I didn't as the yield is pretty good when you look at SSE as a low carbon renewables growth company. Also I now see SSE as having strong defensive qualities in a volatile market. 💨🔌💡

[tuftymatt] 26/4/2022 08:50

Yeah this one has had a fantastic run despite the wider market issues.
I have had it on my radar for 6 weeks or so now waiting for 1650 / 1680 to enter but it keeps going up and up!!
Well done to all that hold 👍🏻

[bountyhunter] 26/4/2022 08:35

SSE 2030 GOALS

"As the UK’s national clean energy champion, we will deliver a fivefold increase in our renewable output and cut carbon intensity by 80% by 2030 as we accelerate our net zero action plan."

[bountyhunter] 26/4/2022 08:32

In the right sector at the right time, could go a lot higher as we progressively move towards a new green low carbon world :)

[skinny] 26/4/2022 08:16

Another ATH @1,866.

[bountyhunter] 25/4/2022 15:19

Defensive qualities kicking in, it seems that you can't go far wrong with SSE whichever way the wider market goes.

[jrphoenixw2] 23/4/2022 12:19

Another closing high yesterday @ 1828p.
I/d high of 1848.20p from Wednesday remains the record to date.

... from a technical perspective such 'new markers' are significant to me... :)

[the deacon] 22/4/2022 14:29

Agreed. This is quickly becoming a different beast to the fairly predicable company of past years. Punters need to adjust their mindset accordingly