SSE selects Seaway7 for 1.4 GW and buys back SSE stock

Published on 10/27/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSE stock costs EUR 29.90 on October 27, 2026, while Berwick Bank B covers 1.40 GW. Results are due November 18, 2026.

Recent corporate actions

SSE selected Seaway7 for its 1.40 GW Berwick Bank B project on October 20, 2026.
SSE purchased 815,732 shares on October 26, 2026, under its GBP 105.0 million program.
SSE stock traded at EUR 29.90 at 12:27 p.m. CEST at Lang & Schwarz on October 27, 2026.

SSE, GB0007908733, Illustration mit AI erstellt.

SSE plc (ISIN GB0007908733) selected Seaway7 as preferred supplier for the 1.40 GW Berwick Bank B offshore wind project on October 20, 2026, while its share buyback program continued with 815,732 purchases announced on October 26. The two developments put project execution and capital returns alongside the company outlook before its November results.

Berwick Bank B adds scale

According to MarineLink, Seaway7 will handle engineering, procurement, construction and installation for about 90 fixed-bottom turbine foundations and inter-array cables. The agreement is expected to support 465 UK jobs, although a final contract award and SSE investment decision are still required.

The chronology shows how the current story has developed. On October 1, 2026, SSE said adjusted investment was expected to be about 70.00 percent higher year over year and renewable output about 20.00 percent higher. On October 20, Seaway7 was chosen for the 1.40 GW project, and on October 26 SSE reported 815,732 repurchased shares.

What does the buyback change?

The latest transaction brings total purchases under the program to 1,476,670 shares, with 3,728,932 shares held in treasury and 1,220,198,053 voting rights after settlement, according to Investegate. The figures give investors a concrete measure of the program before the next earnings update.

Dates investors can track

SSE has scheduled interim results for the six months ended September 30, 2026, on November 18, 2026, according to its SSE investor page. The October 1 trading update guided to adjusted earnings per share of GBp 64.00 to GBp 68.00 for the first half and GBp 168.00 to GBp 193.00 for fiscal year 2026/27.

Stock trades ahead of results

SSE trades on the London Stock Exchange and belongs to the FTSE 100, according to Horizonbridge. The combination of a large transmission and renewables project, a defined capital-return program and a scheduled results date gives the stock three measurable reference points.

Current euro quotation

SSE stock was trading at EUR 29.90 at Lang & Schwarz on October 27, 2026, at 12:27 p.m. CEST. The current quotation is an intraday value ahead of the November 18 results date. The further course of trading is shown by the continuously updated real-time quote of SSE stock.