SSE rules out fossil fuel divestment in transition

UK energy company will retain unabated gas-fired power plants to support security of supply as it expands renewable portfolio, according to new net-zero transition strategy

UK energy company SSE has ruled out the sale of its remaining unabated fossil fuel power generation assets to help it meet emission reduction targets, citing the continued need for gas-fired plants to secure electricity supply in the UK and Ireland. “SSE notes that some of its competitors have pursued a divestment strategy, with high-carbon assets being sold to new owners,” the company says in its new net-zero strategy, published this week. “With the UK and Ireland continuing to need gas generation for electricity system security, SSE seeks to take responsibility for its high-carbon assets over the long term, operating them in a responsible way, managing the phased reduction of emissions and