SSE Gets £3 Billion Sustainability-Linked Loans for Net Zero [Financial Post (Toronto, Ontario, Canada)]
SSE PLC S/ADR (SSEZY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — British power generator SSE Plc and its transmission unit have signed new sustainability-linked revolving credit facilities for £3 billion ($3.9 billion) to support a five-year net zero plan. The London-listed company's £1.5 billion revolving credit facility replaces two others totaling the same value that were due to mature in 2026. On top of that, SSEN Transmission's £1.5 billion facility will refinance and increase its existing £750 million one due in November 2026, according to a statement on Thursday. These facilities will support delivery of SSE's Net Zero Acceleration Programme Plus, which will see around £20 billion invested in networks, renewables and system flexibility. Those are central to the UK government's clean energy plans, with a goal to reach a zero-carbon grid by 2030. “Both SSE's and SSEN Transmission's projects are mission-c
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