Scotland business

SSE withdraws from Scotland to Norway electricity project

Power connector
Image caption SSE is withdrawing from the NorthConnect project linking Scotland to Norway

Energy company SSE has announced it is withdrawing from a project to build a subsea electricity cable linking Scotland and Norway.

The firm said it would "no longer have a financial involvement" in the NorthConnect project.

SSE will instead focus on its markets in Britain and Ireland.

NorthConnect's other partners, Sweden's Vattenfall and Norwegian companies E-CO Energi, Agder Energi and Lyse, said it would not affect their plans.

SSE added that a lack of clarity on interconnector regulation contributed to its decision to withdraw from the project.

The company is further planning to dispose of its interests in Scandinavia, including a generation pipeline of almost 900MW of which 89MW has consent for development.

An announcement on the sale of its Swedish portfolio is also expected in the coming weeks.

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