ScottishPower acquires 17 new solar panel projects in the UK

0

ScottishPower has signed two agreements to acquire 17 solar panel projects in the UK, with a combined capacity of over 800 megawatts (MW).

The contracts were made separately with Elgin Energy, which owns 12 projects, and Lightsource BP, which controls the rest.

The projects, across England, Scotland and Wales, are in advanced stages of development and will be operational by 2025 with a total investment of around £500m.

The portfolio of solar sites will add enough clean energy to power more than 220,000 homes.

ScottishPower has a 9% market share in the solar industry in the UK. It will also help achieve net zero greenhouse gas emissions in Scotland by 2045 and the UK by 2050.

In September, Iberdrola had almost 3 GW of solar cells installed worldwide, an increase of 89% compared to 2019.

Lindsay McQuade, Managing Director of ScottishPower Renewables, said: “With plans to invest nearly £4billion by 2025, doubling the amount of renewable electricity we produce, we are taking action every day to deliver on our commitment to deploy more renewable energy – at scale and at high speed – to electrify the way we live, work and travel.

“This addition to our portfolio will help accelerate that journey and play an important role in addressing the climate emergency.”

Don’t miss the latest headlines with our twice-daily newsletter – subscribe here for free.

Share.

About Author

Comments are closed.