SP Energy Networks has launched a GBP 1.4 billion investment to support the UK Government's Clean Power 2030 Mission. This investment is part of a wider GBP 5.4 billion (USD 6.86 billion) supplier investment programme over the next decade to move the grid forward. The contracts enable SP Energy Networks to build long-term partnerships with UK businesses to rewire the electricity network.

Investment Details

The GBP 1.4 billion (USD 1.29 billion) investment will deliver critical onshore transmission projects across central and southern Scotland. This is part of a multi-billion-pound investment programme to unlock more capacity for new homes, businesses, and clean energy projects. The investment will also help move power around the country more efficiently and significantly reduce the UK's reliance on fossil fuels and boost energy security.

Partnerships and Commitments

To mark the announcement, Nicola Connelly, SP Energy Networks CEO, was joined by Energy Minister, Michael Shanks MP, at an event close to the company's Glasgow headquarters. Representatives from the successful businesses signed SP Energy Networks' Delivery Charter, committing to green job creation, positive community impact, and a safe working environment.

Company Involvement

ScottishPower Energy Networks, Iberdrola's distribution company in the United Kingdom, has awarded supply chain contracts to support the investment. The company is committed to delivering the Government's Clean Power 2030 mission and is working to build long-term partnerships with UK businesses. The investment and partnerships are a significant step towards achieving the UK Government's Clean Power 2030 Mission, and SP Energy Networks is committed to playing a key role in this effort, with the company's CEO and Energy Minister marking the announcement and emphasizing the importance of the investment and the commitments made by the successful businesses.

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