Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
26/02/2019

ScottishPower Announces £2bn UK Investment Plans

Construction News Image
ScottishPower has announced it will spend up to £2billion in the UK in 2019, the company's biggest ever investment in the country in a single year.

The announcement came as ScottishPower updated its investment plans following the sale of its thermal generation business and transition to 100% renewable energy in 2018.

Making the announcement ScottishPower CEO, Keith Anderson, said: "Our first investment plan since leaving coal and gas behind is a historic milestone for ScottishPower and is a vote of confidence in the UK's commitment to decarbonising the economy. In a time of uncertainty the UK needs to deliver its Industrial and Energy strategy and that's what we're providing with our biggest ever investment in a single year.

"Consumers want and need access to reliable, clean and affordable energy. That is what ScottishPower is focused on delivering and as long as Government climate change commitments stay firm, with sensible policies to support them, this investment will continue.

"Now that we have sold our gas power stations our growth plans are about cleaner and smarter power that will help the UK to decarbonise faster and we have set out the part we will play in the transition to electrify the economy where it matters most now – in transport and in heating."

Between 2018-2022 ScottishPower will spend £6billion in the UK with 40% on new renewable energy generation, 42% on smarter enhanced networks and 15% on innovative services and products for customers.

-- Advertisement --
NorthernAsbestosServicesLtd

ScottishPower will invest in smarter services for customers, including products to unlock the market for electric vehicle ownership.

As part of its strategy for growth ScottishPower announced plans for a new public electric charging service based within the company's Retail division. The new business will install fast chargers across the UK at strategic commercial locations from winter 2019.

The company also announced plans for a 50MW battery storage project at Whitelee the UK's largest onshore windfarm. The large-scale battery project will be the first of a series of storage schemes, mainly located at windfarms and at strategic points on the network. ScottishPower believes the combination of renewable energy and flexible storage are the most cost effective low carbon solution for consumers. 

In renewables ScottishPower set out plans to develop a 1GW pipeline of onshore wind projects by 2025. Onshore wind remains the lowest cost technology for new electricity generation in the UK and ScottishPower sees substantial opportunities for the continued development of onshore wind projects across Scotland and other areas of the UK.

Construction continues at pace for the East Anglia ONE offshore windfarm located 43km off the Suffolk coast. The £2.5billion project will see 102 Siemens Gamesa turbines deployed, each with a capacity of 7 megawatts; which could in total provide enough clean energy to power the equivalent of more than 630,000 homes annually. Over 50 percent of the project's total investment will be spent  in the UK, ensuring the benefits of East Anglia ONE are felt across the country.

ScottishPower has also gained planning consent for East Anglia THREE windfarm for up to 1,200MW and planning consultations on the company's next two large offshore windfarms in the East Anglia zone have begun. If consents are granted, it is anticipated that East Anglia TWO will commence construction in 2024 and East Anglia ONE North will commence construction in 2025.

SP Energy Networks will continue to deliver smart and efficient grids capable of supporting the UK's future energy needs. In 2019 the networks business will focus investments on continuing the company's leading role in connecting renewables in Scotland, Wales and England.

Investments will also target the digitalisation of the grid including ground-breaking artificial intelligence systems that will control and balance the network in areas with high penetration of low carbon technologies enabling the transition to widespread use of electric vehicles.

Latest Construction News

19/04/2024

P1 Solutions have been appointed to a major green infrastructure project in east Dunbartonshire, set to get underway this month. Woodhill and Etive Parks in Bishopbriggs are to benefit from a ground-breaking £950,000 project, which will incorporate food-growing plus measures to improve ...
19/04/2024

SSE Renewables has welcomed the latest milestone in the ongoing development of what will become the world's largest offshore wind farm, with the installation of the second unmanned High Voltage Direct Current (HVDC) platform at Dogger Bank. Installed by Saipem, the substation is the second of ...
19/04/2024

The Highlands and Islands Regional Transport Partnership, HITRANS, has announced a public consultation on their new draft Regional Transport Strategy (RTS). The RTS sets out a 20-year vision for transport improvements in the Highlands, Moray, Western Isles, Orkney and the Argyll and Bute local ...
19/04/2024

The City of Edinburgh Council has welcomed a major milestone in the Meadows to George Street project, with the announcement of the statutory orders needed to progress to the construction stage. This follows extensive consultation throughout the project and in 2019, engagement showed 78% overall ...
19/04/2024

The Scottish Plant Owners Association, SPOA, has welcomed the success of its first year working in partnership with Police Scotland tackling plant and fuel theft across Scotland. SPOA and Police Scotland launched the Scottish Partnership Against Acquisitive Crime (SPAACE) in May 2023. Since then, ...
19/04/2024

Network Rail has welcomed the progress being made in the £4 million accessibility works currently underway at Anniesland Station in Glasgow. Engineers will install two new lifts at street level on Great Western Road as part of the project, which began in October. Since then, engineers have made ...
19/04/2024

East Ayrshire Council has approved the adoption of a new Local Development Plan 2 (LDP2). The new LDP2 will see planning decisions in the region focus more on improving infrastructure, good design practices, tackling climate change and creating healthier environments for people and nature. As the ...
19/04/2024

Dundee City Council is set to consider a long-term strategy for decarbonising heat in buildings, enhancing building energy efficiency and helping to address fuel poverty. The council's Climate, Environment & Biodiversity Committee is being asked to approve the Dundee Local Heat and Energy ...
19/04/2024

Clark Contracts have been appointed to transform Dumbarton's oldest building, the Category B listed Glencairn House, on behalf of Dunbartonshire Council. Councillor David McBride and Council Leader, Councillor Martin Rooney were joined by West Dunbartonshire Council Chief Executive Peter Hessett, ...
19/04/2024

As part of its commitment to step up action on climate change, the Scottish Government has announced a number of new policies on transport, including increasing the number of electric vehicle chargers, and land use. The increase in charging points comes as part of a wider climate package that also ...
RBT Underfloor LimitedMorris & Spottiswood LtdMaterials Market LtdToner Damp Proofing SuppliesNo HydroBurnside Plant Hire LtdKattrak International Hidromek SalesHORSTADRBT Underfloor LimitedScotdeck Ltd
Terms and Conditions
2024/04/20 16:49:38