The EIB funding takes the total funding which SSE has secured since July 2008 to almost GBP3.8bn.
Gregor Alexander, finance director of SSE, said: “We are in the middle of a five year program to invest around GBP3bn in renewable energy. The EIB funding will support our well-financed investment program and help deliver assets, which are needed to help meet EU, UK and Irish renewable energy targets.”
SSE will provide its preliminary financial results for the year to March 31, 2010 in May. The company said that it still expects to reach a level of adjusted profit before tax consistent with the ‘moderate’ increase referenced in May 2009 and to deliver a full-year dividend of at least 70 pence per share.
