SSE’s renewables division’s adjusted operating profit increased to £326m in the six months to the end of September, from £87m in the prior year period.
This increase was supported by a 1GW+ increase in operating capacity and favourable weather conditions alongside an increase in hedged prices, SSE said.
The six-month period saw the 130MW Cloiche onshore wind farm awarded a contract for difference in AR6.
Furthermore, progress has continued on 3.6GW Dogger Bank offshore project. Completion of the first phase, Dogger Bank A, is expected in the second half of 2025.
SSE invested £50m in the refurbishment of Tummel Bridge Hydropower Station to increase capacity to 40MW, extending the plant’s working life by at least 40 years.
SSE chief executive Alistair Phillips-Davies, who is to retire next year, said: “This is a strong set of interim results including delivery of higher-quality earnings and the mission-critical infrastructure that shows SSE is at the heart of the clean energy transition.
“We are also encouraged by the increasing attractiveness of our main markets and our alignment with the new UK Government’s mission to achieve Clean Power by 2030.
“SSE will be a key delivery partner with our ~£20bn investment programme and the scale and quality of our project pipeline that spans renewables, electricity networks and flexible power plants – which will all be required to make clean power a reality.
“Our unique position gives us exceptional growth opportunities and clear targets that will deliver long-term value to shareholders and society.”