News

Iberdrola has announced plans to more than double its UK investment plans, ahead of the UK’s International Investment Summit in London next Monday (14 October).

Through its ScottishPower business, Iberdrola has invested £30 billion in the UK over the last 15 years driven by the country’s clear and stable policies and its predictable regulatory frameworks. 

On top of this, after the Electricity North West (ENW) integration announced this summer, the UK has already become the Group’s largest investment destination to 2026.  And, given Britain’s significant power demand growth prospects and the energy policies set out to promote Net Zero, industrialization and electrification, Iberdrola is now setting out a new plan to upweight and accelerate investment in the UK that could reach £24bn between 2024-2028, doubling its previous plan to invest £12bn over the same period. 

You can read the full story at ScottishPower Newsroom.