LONDON: SSE plc has appointed Martin Pibworth as its next Chief Executive, set to formally assume the role following the company’s Annual General Meeting on July 17, 2025. The announcement follows current Chief Executive Alistair Phillips-Davies CBE’s decision to retire, which was announced in November 2024. Pibworth, who joined SSE in 1998, brings decades of experience to…
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SSE sells stake in Scotia Gas Networks for £1.225 billion
LONDON, UK: SSE Plc has agreed to sell its entire 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) to a consortium comprising existing SGN shareholder Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and Brookfield Super-Core Infrastructure Partners (Brookfield), a news release said. The transaction is based on an effective economic date of 31 March…
SSE Plc sells 10% stake in Dogger Bank Wind Farm to Eni for £202.5 million
LONDON: SSE has entered into an agreement to sell a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for an equity consideration of £202.5m, subject to adjustments for interest on closing. SSE intends to use the proceeds to enable delivery of its low carbon growth plans. Divesting this stake…
SSE Plc selling 50% share in Ferrybridge and Skelton Grange multifuel assets for £995 million
LONDON: SSE plc has entered into an agreement to sell its 50% share in energy-from-waste ventures Multifuel Energy Limited (MEL1) and Multifuel Energy 2 Limited (MEL2) to European Diversified Infrastructure Fund III, for a total cash consideration of £995 million. The transaction is expected to complete by late 2020 subject to antitrust approval by the…