SSE has announced strong interim results, driven by increased contributions from its Electricity Networks and Renewables divisions. The company has also confirmed its commitment to a c.£20 billion investment program in clean power infrastructure through 2027.

A key highlight of the period was the completion of the 443MW Viking onshore wind farm and the 260km Shetland HVDC subsea link. Additionally, construction has commenced on the 500km Eastern Green Link 2, the UK's largest transmission project.

In other significant developments, SSE has announced that CEO Alistair Phillips-Davies will retire in 2025 after a successful 11-year tenure.

Mr Phillips-Davies said: "Being Chief Executive of SSE is an immense privilege and I am extremely proud of what we have achieved over the past decade – right across the Group – as we have steadily grown into becoming the UK and Ireland's clean energy champion.

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"We have come a long, long way thanks to the hard work and talent of countless colleagues during that time, and it has been an amazing experience to be part of this great team in the UK, Ireland and now further afield.

"I remain fully committed to growing the business until my successor is found and continue to be fully focused on delivering our clean power strategy with the rest of our highly capable executive team."

The company's Chair, Sir John Manzoni, will oversee the recruitment process for a successor.

Sir Manzoni said: "Alistair has been an exceptional Chief Executive. Under his leadership, the Group has transformed into a genuine energy transition leader, sharpening its focus on networks, renewables and flexibility, whilst successfully entering new markets.

"Over his 11 years as Chief Executive he has assembled a world-class team around him and created a legacy of critical clean electricity infrastructure.

"Alistair has also grown SSE's UK and Irish core, whilst expanding into selected overseas markets, leaving the Company extremely well positioned to continue creating long-term, sustainable value for society and shareholders under his successor.

"There will be a smooth and orderly transition with Alistair continuing to lead the Company until a successor is appointed and of course our net zero aligned strategy remains unchanged."

Despite the challenging economic environment, SSE remains optimistic about its future and is well-positioned to play a leading role in the UK's energy transition.