SSE UK delays completion of Dogger Bank A Wind Project to H2 2019.

SSE, the UK's largest power company and network operator, maintained its annual forecasts on Thursday. The completion date of the Dogger Bank A off-shore wind project was pushed to the second half 2025 instead of the first.

SSE stated that the delay in taking full operation of the offshore wind farm will not have a material impact on project returns.

The project will have a capacity of around 1.2 gigawatts and be able to power 2 million homes.

The Perth-based UK company predicted first-half adjusted earnings of more than 45p per share, and stated that the performance of renewables for the six-month period ended September 30 was higher than in previous years but in line expectations due to weather conditions.

Separately National Grid, a major player in Britain’s energy sector said that its half-year results were in line with expectations. It added that the underlying earnings for the second half will be higher than the first half period ended September 30.

(source: Reuters)