SSE plc, the Perth-based electricity infrastructure giant, is exploring funding options including a share sale that could raise billions of pounds, as the utility seeks capital to meet a grid spending boost, according to a Bloomberg report citing people familiar with the matter.
The biggest listed firm run from Scotland has been holding discussions with advisers on proposals to strengthen its balance sheet, the Bloomberg report said. Details have not been finalized, the people added.
The company could also look at other options to raise capital, according to the report. An announcement could come as soon as the coming weeks, should SSE decide to proceed with the fundraising.
A representative for SSE said the company doesn’t comment on market speculation.
SSE shares have risen more than 15% in 2025, giving the firm a market value of about £21 billion. It is scheduled to report its first-half results on November 12. The company has more than 14,000 employees.
The company announced a £22 billion investment last year to strengthen Scotland’s grid.
The project is seen as key to the UK’s green targets, allowing Scottish wind power to be transported to demand centers in England.
Bloomberg said SSE has announced an increase in spending to help cope with a surge in renewable power across Britain. It reported a 60% increase in grid spending over the fiscal first half to £1.1 billion after winning approval for three large transmission projects.