REG - SSE Plc - SSEN Transmission welcomes ‘Beyond 2030’ plan

SSEAnnouncement

19/03/2024 11:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240319:nRSS4321Ha&default-theme=true

RNS Number : 4321H  SSE PLC  19 March 2024

SSEN Transmission welcomes 'Beyond 2030' investment plan for future energy
system

SSEN Transmission, part of leading electricity infrastructure company SSE,
welcomes today's publication by National Grid ESO (the ESO) of its 'Beyond
2030' report.

Today's publication builds on the ESO's 'Pathway to 2030' Holistic Network
Design from 2022 which established the blueprint for the electricity
transmission network infrastructure required to enable the UK Government's
2030 50GW offshore wind target, which included around 11GW of ScotWind
generation.

The 'Beyond 2030' plan will connect another tranche of ScotWind whilst also
setting out options to deliver the remainder.  It will also enable the
connection of other low carbon technologies, further supporting the country's
transition to net zero and helping deliver energy security through the
deployment of homegrown, low carbon electricity generation.

For the north of Scotland, the ESO's plan confirms the need for a number of
projects to proceed now for delivery by 2035, which combined represent a
potential estimated investment of over £5bn for SSEN Transmission.  These
are:

 ESO code      Description
 Shetland Hub  A second High Voltage Direct Current (HVDC) subsea link from Shetland,
               connecting to Coachford (Blackhillock 2) substation
 NNNC          A new single 400kV circuit between New Deer and Greens (New Deer 2)
               substations
 DSUP          A new 400kV double circuit between Dounreay, Thurso and Banniskirk (Spittal
               2), with new 400kV substations at Dounreay and Thurso
 BKUP          Rebuild the existing Blackhillock-Kintore 275kV double circuit to 400kV with a
               new 400kV substation required along its route
 PKUP          Increase the capacity of the planned Peterhead to Longside (Peterhead 2) 400kV
               double circuit with a higher capacity 400kV double circuit; upgrade the
               existing Peterhead-Persley-Kintore 275kV double circuit to 400kV including a
               new substation along its route; and install a higher capacity conductor on
               sections of the existing Kintore-Alyth-Kincardine 400kV double circuit
 ECRE          Upgrade a short section of the existing Errochty to Clunie 132kV double
               circuit with a higher capacity 132kV circuit

Progression of these investments will require an appropriate regulatory
framework, including early confirmation that SSEN Transmission will be the
Delivery Body, alongside securing all planning and regulatory approvals.
They will also be subject to extensive public consultation to help inform the
development of these new and upgraded network infrastructure requirements.

For the other projects in the north of Scotland included in the ESO's 'Beyond
2030' report, further assessment is necessary to determine the appropriate
level of investment required to enable the full potential of ScotWind to be
realised, including the most appropriate solution for the required north-south
transfer of power.

ENDS

Notes to Editors

The ESO's 'Beyond 2030' publication can be found via the following link:
https://www.nationalgrideso.com/future-energy/beyond-2030
(https://www.nationalgrideso.com/future-energy/beyond-2030)

About SSEN Transmission

·      SSEN Transmission is responsible for the electricity transmission
network in the north of Scotland, investing in and maintaining the high
voltage 132kV, 220kV, 275kV, 400kV and HVDC electricity transmission network.

·      SSEN Transmission's strategic objective is to enable the
transition to a low carbon economy.  It does this by building the electricity
transmission network infrastructure required to connect and transport
renewable electricity from the north of Scotland to areas of demand, as it
delivers a network for net zero emissions.

·      SSEN Transmission is owned 75% by SSE plc and 25% by Ontario
Teachers' Pension Plan Board (Ontario Teachers').

·      Learn more about SSEN Transmission by
visiting www.ssen-transmission.co.uk (http://www.ssen-transmission.co.uk) ,
twitter at @ssetransmission (https://twitter.com/SSETransmission) , LinkedIn
(https://www.linkedin.com/company/ssen-transmission/)  or Instagram
(https://www.instagram.com/ssentransmission/) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSFMFSUELSEID