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Britain’s SSE on track for 7.5 bln pound investment plans

LONDON, May 26 (Reuters) - British renewable power generator and network operator SSE Plc said on Wednesday it is on track to invest 7.5 billion pounds ($10.62 billion) in low-carbon projects up to 2025.

The company turned its focus to renewable power generation and networks after selling its household energy supply and services arm to OVO Energy at the beginning of 2020 in a deal worth 500 million pounds.

SSE said the impact of coronavirus led to a 170 million pound hit to profits for the year ending March 31 2021, as measures to limit the spread of the virus hit energy demand. ($1 = 0.7065 pounds) (Reporting by Susanna Twidale, editing by Louise Heavens)

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