Pennon Group (PNN): Pennon Power build-out
This situation live
PNN Pennon Group
27 Nov 2025 · Aberdeenshire energised; Fife in final commissioning · −1% until the next step
Pennon Power is continuing its build out of four sites, with Aberdeenshire recently energised and Fife in final commissioning.
10 Mar 2026 · Two sites energised; two remaining · −8% until the next step
The remaining sites are progressing toward connection, when all four sites are operational by the end of FY27, Pennon Power's renewable energy portfolio will generate the equivalent of 40%[2] of the G
10 Jun 2026 · Fife and Aberdeenshire energised, generating revenue · −33% since
Investment in Pennon Power has continued with two of our four sites, Fife and Aberdeenshire, fully energised and generating revenues
Pennon Power build-out
Fife and Aberdeenshire energised, generating revenue
Next: energise the two remaining sites
Every step · 3
- 27 Nov 2025 Aberdeenshire energised; Fife in final commissioning – Pennon Power is continuing its build out of four sites, with Aberdeenshire recently energised and Fife in final commissioning. ↗
- 10 Mar 2026 Two sites energised; two remaining – The remaining sites are progressing toward connection, when all four sites are operational by the end of FY27, Pennon Power's renewable energy portfolio... ↗
- 10 Jun 2026 Fife and Aberdeenshire energised, generating revenue – Investment in Pennon Power has continued with two of our four sites, Fife and Aberdeenshire, fully energised and generating revenues ↗
What is happening
Pennon Group: Pennon Power build-out – Fife and Aberdeenshire energised, generating revenue. ['Fife and Aberdeenshire energised, generating revenue']
- Announced
- 27 Nov 2025 · Aberdeenshire energised; Fife in final commissioning
- Latest
- 10 Jun 2026 · Fife and Aberdeenshire energised, generating revenue
- What it changes
- Profit recovery is confirmed, but the net ODI penalty, 1* EPA rating, lower dividend per share and a new CEO promising operational reset keep the story mixed; a strategic update is due by end-September 2026.
What comes next
energise the two remaining sites.
From the company's own announcements. Not investment advice.
Briefing
Pennon Group in 4 minutes
Pennon owns water and sewerage companies in the South West of England and water-only companies around Bristol and in Surrey. It returned to profit in 2025/26 as a record investment programme began to lift its allowed...
- Act 1Buying Sutton and East Surrey, funded by shareholders
- Act 2The loss year and a bigger raise
- Act 3Profit returns, but the weather and the targets bite
Also at Pennon Group 6 open
Transformational contract / build-outK8 capital investment programme – Programme enlarged to c.£3.6bn; draft determination out
New CEO / resetCEO succession – Plan announced, actions under way
Dilutive fundraiseRights issue – Terms set; subscription period opens 12 October
Disposal of a part (break-up)Sale of Pennon Power – Proposed; listed in funding plan
Turnaround plan with targetsWastewater pollution reduction plan – Pollutions down c.34%; EPA 1* provisional
Pennon Group – company page →