SSE Cuts Renewables Spending in Blow to UK’s Green Goals

SSE, a major energy company and renewable projects developer in the UK, is reducing spending on renewables in its five-year plan to 2027 by $2 billion (£1.5 billion) “in a changing macro environment,” in yet another blow to Britain’s clean energy ambitions. SSE said on Wednesday that it is reducing its five-year investment expectations by $4 billion (£3 billion) to around $23.

4 billion (£17.5 billion). Of the $4 billion reduction in the updated plan, $2 billion is in the renewables business and the other $2 billion…