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SSE PLC Q1 2021/22 TRADING STATEMENT 22 JULY 2021 This Trading Statement provides an update on operational performance ahead of today's AGM and captures key developments since the publication of SSE's Preliminary Full - year Results Statement on 26 May 2021. SSE remains committed to the five - year dividend plan to March 2023 , and will provide guidance on full - year adjusted earnings per share later in the year . KEY DEVELOPMENTS Setting out a strong , stakeholder - led business plan in Distribution On 1 July , SSEN Distribution published its ambitious stakeholder - led draft business plan for 2023 to 2028 , setting out how it will deliver improvements for customers and accelerate investment in its networks to ' power communities to net zero ' over the course of the RIIO - ED2 price control period . The plan includes £ 4.1bn of investment , representing an increase of around 35 % compared to an equivalent period in ED1 , and would see SSEN Distribution's regulated asset value increase to over £ 6bn from around £ 4bn at the end of the current price control . Creating value from non - core disposals Good progress continues to be made on SSE's disposals programme which is on course to realise more than £ 2bn from the sale of non - core assets and businesses that are not a good fit with SSE's net zero strategy . The sale of SSE's Contracting business to Aurelius , first announced on 1 April , was successfully completed on 30 June 2021. As reported in May , SSE has initiated a sale process for its stake in SGN , targeting an agreed sale by the end of the calendar year . * Projects under construction and future pipeline Construction continues to progress on SSE's major projects in Transmission and in Renewables , in line with the update provided in May . These include building the world's largest offshore wind farm at Dogger Bank , Scotland's largest offshore wind farm at Seagreen and one of Europe's most productive onshore wind farms at Viking on Shetland , as well as the associated link connecting the island to the mainland . SSE continues to expect that capital expenditure and investment will total around £ 2bn in 2021/22 ( net of project finance development expenditure refunds ) . Looking further ahead , SSE is seeking to add to its considerable pipeline in Renewables and has submitted bids , with its partners Marubeni and CIP , for a number of sites through the ScotWind seabed leasing process . Pursuing growth options in Transmission SSEN Transmission remains on track to submit Initial Needs Cases to Ofgem for the Skye Reinforcement this summer and the Argyll 275kV upgrade this autumn . A Final 1