PERTH (SCOTLAND) (dpa-AFX) - SSE Plc (SSE.L), on Thursday, reported that its performance in the first quarter is in line with expectations, showcasing the strength and stability derived from SSE's balanced mix of regulated and market-based enterprises, which are integral to the energy transition.
The renewable output in the first quarter increased by 60% compared to the previous year. This growth was attributed to the return to more typical weather conditions during the period, as well as capacity increases from last year.
The financial expectations for individual business units, as outlined in May, remain unchanged. These expectations are contingent upon weather patterns, market conditions, and the availability of plants during the upcoming critical winter months.
Barry O'Regan, Chief Financial Officer, said, '.We remain on track to meet our 2027 growth targets that are underpinned by world-class assets and balance sheet strength, with two-thirds of revenue either regulated or already backed by existing government policy.'
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