SSE has unveiled plans to invest up to £40bn over the next decade in renewables and low carbon grid infrastructure in the UK, in a “massive commitment” that it said would create more than 1,000 new green jobs every year.

The “record-breaking” investment programme will see the energy giant ramp up deployment of renewable energy projects, critical network infrastructure transmit clean power around the UK, and flexible power sources to provide back up for a renewables-dominated grid, it announced today.

The company just under half the planned investment programme is already fully funded and set for deployment over the next five years, but the firm envisages further multi-billion pound investments through to 2031/32 in support of the UK’s goal to operate a near-fully decarbonised power grid by 2035.

The company said it would continue to invest in areas such as electricity networks, onshore and offshore wind, solar, energy storage, carbon

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