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Data centre demand drives SSE's Irish revenues higher

SSE increased the amount of energy it was providing to Irish data centres by 50%
SSE increased the amount of energy it was providing to Irish data centres by 50%

The parent company of SSE Airtricity significantly increased its revenue from Ireland in the past year, according to its annual results.

Scotland's SSE had revenues of almost £2.24 billion from Ireland in the year to March - up 36.3% on the same period 12 months earlier.

That came despite a fall in the number of customers it had here, from approximately 770,000 to 720,000 and follows a 9.5% increase in its Irish electricity prices late last year.

However it reported a significant increase in the amount of power it supplied to data centres in Ireland in the past year, from 4 Terawatt-hours to 6 Terawatt-hours.

It said SSE Airtricity now accounted for 80% of the energy supplied to data centres in the country, and it expected this to be an area of growth for it in the coming years. This follows the Commission for Regulation of Utilities publishing policies on 'Large Energy Users', which provides more clarity around the development of new data centres.

In the same period, revenue at SSE's UK business slipped by 6.4% to £7.94 billion.

SSE reported a 1% decline in its pre-tax profits for the full year, to just under £1.84 billion. The company does not break out its profits by country.

Last year it recorded a 23% increase in its capital investment, to £3.6 billion.

It plans to increase capital investment to more than £5 billion for the current financial year.

Among its ongoing projects are the Arklow Bank offshore wind farm off the Wicklow coast, the Drumnahough wind farm in Co Donegal and the Derrymeen Battery Energy Storage System outside Dungannon in Co Tyrone.