SSE, the Perth-based electricity infrastructure giant, published a half-year trading update saying its renewable generation output is expected to be around 20% higher than the same period last year “which reflects more favourable weather conditions and capacity growth.”

SSE said delivery of the giant Dogger Bank offshore wind farm continues to progress well, and in line with expectations, with turbine installation on Dogger Bank B beyond the half-way point.

“Strong delivery across networks continues with an increase of around 70% in adjusted investment, compared to the same period last year,” said SSE.

“The majority of this increase has been delivered in Transmission, where progress continues to accelerate across the 11 major projects ….

“Interim adjusted Earnings Per Share is therefore expected to be between 64 and 68 pence, reflecting a lower level of seasonality compared to prior years given an increasing proportion of earnings being generated from regulated networks.

“For the full year, financial expectations for each Business Unit are unchanged and as usual, remain subject to weather, market conditions and plant availability, with the key winter months still to come.

“The Group remains on track to deliver adjusted Earnings Per Share of between 168 – 193p for 2026/27 and between 225 – 250p for 2029/30.

“Capital investment for the group is expected to be around £2.5bn for the half-year, with adjusted net debt and hybrid capital expected to be around £11.5bn.”