SSE is to treble its renewables output by 2030, with an aspiration to add 1GW a year of new clean power capacity by the second half of the decade.
The company said it has already pledged to spend £7.5bn – £4m every day – to 2025.
Its commitment follows the Prime Minister Boris Johnson’s 10-point plan to build back greener and attract private sector investment in decarbonisation.
SSE expects to reach financial close in the coming days on the 3.6GW Dogger Bank offshore wind complex, which it is a 50:50 joint venture partner on with Equinor. It added that there has also been strong progress on its other flagship projects, the 1075MW Seagreen offshore wind farm, of which SSE’s share is 49%, and the 443MW Viking onshore wind farm in Shetland, including the transmission link that will connect it to the mainland.
SSE chief executive Alistair Phillips-Davies said: “Today is an important day, not just for us as we publish our results and our low-carbon investment plans, but for anyone who supports the effort to tackle climate change as the Prime Minister sets out his welcome 10-point plan to build back greener. As we seek a recovery from the effects of Coronavirus, investments in low-carbon infrastructure that help stimulate the economy, boost jobs and level up regions while tackling climate change are a win-win.”