SSE plans to reduce its five-year spending by £3bn to £17.5bn, significantly impacting its renewable energy initiatives as well as the UK government's clean power goals for 2030. The company will cut £1.5bn from renewable energy projects, including offshore wind and hydropower developments, due to delays in policy and planning. SSE's CEO cited specific project setbacks that threaten the government’s ambitious targets to expand wind and solar energy, complicating efforts to create a predominantly fossil-free power system by the decade's end.
SSE's decision to cut its five-year spending plans by £3bn to £17.5bn jeopardizes the UK government's 2030 clean energy ambitions, focusing instead on energy distribution.
Delays to policy and planning have led SSE's outgoing CEO to acknowledge the company is unlikely to meet its renewable energy goals by 2030.
SSE's planned cuts of £1.5bn from renewable energy initiatives and an additional £1.5bn from energy and transmission further jeopardize the ambition to create a power system that is 95% free of fossil fuels by 2030.
With delays affecting major projects capable of powering 9 million households, SSE's reduced focus on renewable generation spells uncertainty for the UK's clean energy future.
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