SSE Airtricity posts €6.66m operating profit as parent company opts for further investment 

In a trading update, SSE said it upgraded its capital investment expectations by around 14% to support its Net Zero Acceleration Programme targets over the next five years

The company is the largest renewable energy provider in Ireland, with almost 700MW of installed onshore wind capacity reflecting enough energy to power almost half a million homes annually.

SSE Airtricity posted an operating profit of £5.8m (€6.66m) in the first half of its 2023 financial year, up marginally from £5.6m (€6.43m) in the previous six months.

However, in annual terms, profits remain significantly down, falling from £14.9m (€17.1m) in September last year following strong performances in its thermal power plants and a surge in energy prices.