The North Sea between United Kingdom, Norway, Denmark, Germany, Netherlands & Belgium is wild. I've crossed this sea by ship many times in summer and winter and one thing is for sure - it is windy as hell.
The sustained, high winds make it perfect for offshore energy projects. The North Sea is also relatively shallow making it comparatively easy to anchor massive structures to the sea bed.
Since the 1970s the countries in whose territories resides the North Sea have been extracting natural gas and oil from the dark, stormy waters. We're now in a race to transition away from these fuels for many reasons. To reduce the production of climate altering gases, for energy security and because increasingly it is more efficient, cleaner and cheaper to fuel our technological gains from renewable sources.
Scottish and Southern Energy PLC are a super interesting company in this space. They already make £500M+ profit annually by turning rain and wind into energy and money through their hydro plants and turbines. When you think about it - how can they lose? Their fuel is free and abundant and their process to turn it into cash is largely automated.
They have just announced in the last week that they are raising £33Bn in capital to upgrade energy networks and invest in more turbines in the massive, free, natural and clean future power station of Europe that is the Dogger Bank Wind Farm https://doggerbank.com
Even with a big course correction on the horizon for AI - it will be the future and the future therefore is going to need lots of power.
SSE share price is up nearly 30% this year their last dividend was 2.85%