SSE earnings double as company pledges £40bn investment in green spending

Company is Ireland’s second largest energy provider, providing power to 750,000 households and businesses through Airtricity brand

Adjusted operating profits from SSEs gas-fired power plants rose to £1 billion, tripling from last year. Picture: Getty

Power generator SSE will expand its green spending plan to £40 billion (€46 billion) over the next decade after earnings almost doubled last year.

The company reported earnings per share of 166 pence, higher than its guidance of 160 pence and nearly double last year’s haul, the company said in a statement Wednesday. SSE plans to boost its dividend, to return to shareholders some of the bumper profits from its gas-fired power stations last year.