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Off Shore Wind

The document summarizes the socio-economic impact of the Beatrice Offshore Wind Farm project. It details that SSE plc invested £2.5 billion in development and construction from 2009-2019, and the project is expected to generate £2.7 billion in operational spending over its 25-year lifespan, for a total investment of £5.2 billion. It highlights that the project created jobs and economic activity in Scotland, with 24% of development/capex and 53% of total spending occurring in Scotland. It also notes community benefits from the project, including a £6 million community fund and social return of £3.21 for every £1 invested.

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69 views14 pages

Off Shore Wind

The document summarizes the socio-economic impact of the Beatrice Offshore Wind Farm project. It details that SSE plc invested £2.5 billion in development and construction from 2009-2019, and the project is expected to generate £2.7 billion in operational spending over its 25-year lifespan, for a total investment of £5.2 billion. It highlights that the project created jobs and economic activity in Scotland, with 24% of development/capex and 53% of total spending occurring in Scotland. It also notes community benefits from the project, including a £6 million community fund and social return of £3.21 for every £1 invested.

Uploaded by

lati banwo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
You are on page 1/ 14

Making an impact:

The socio-economic contribution


of Beatrice Offshore Wind Farm
Rachel McEwen
Chief Sustainability Officer

Page 1
SSE plc is one of the UK and Ireland’s
leading energy companies, involved
in the generation, transportation
and supply of electricity and in the
extraction, storage, transportation
and supply of gas.

Page 2
SSE plc

Our vision Our strategy


To be a leading energy provider To create value for
in a low-carbon world. shareholders and society
from developing, owning
Our purpose and operating energy and
related infrastructure and
Provide energy needed today services in a sustainable way.
and strive for a better world of
energy for tomorrow.

Page 3
SSE’s 2030 Goals

Page 4
The Beatrice story
Page 5
WICK

Export cable

NIGG
PORTGORDON

BLACKHILLOCK

Page 6
Where did the investment go?

£2.5bn £2.7bn £5.2bn


Development & capex
2009 - 2019
+ Expected 25 years of
operational spend
= Total lifetime
expenditure

24% Scotland 53% Scotland 39% Scotland


49% UK 73% UK 62% UK

Page 7
What impact does it have?

Page 8
Not everything that counts
can be counted.
But not everything that can
be counted counts.

Page 9
The most
important legacy?
Operational base for 25 years

Thomas Telford buildings

Marine works

c£20m investment

Page 10
Sharing value £6m Community Fund

Partnership and Local Funds

Social return of investment £1 = £3.21

Page 11
When things go wrong

Set right the wrong as


soon as possible;

Create a strategic
response to prevent
it happening again.

Page 12
Learning lessons

Page 13
The Future

Page 14

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