SSE to increase clean energy investment by £2.5bn after profits rise

Budget lift of 14% will be used on investing in renewable energy and upgrading UK’s energy grids

SSE plans to grow its investment in clean energy by 14% to £20.5bn for its current budget after reporting better than expected profits for the first half of the financial year.

The FTSE 100 utility told investors it will add an extra £2.5bn to its spending plan for the five years to the 2023-2024 financial year, most of which will be used to invest in renewable energy and upgrading the UK’s energy grids.