Iberdrola, through its subsidiary Scottish Power, It will increase its investment in the United Kingdom In the coming years this will increase to 12,000 million pounds (one 13,823 million Euros) during the period 2024-2028. In particular, the energy company led by Ignacio Galán has confirmed an investment of 7,000 million pounds (about 8,065 million euros) in this inverter package.n “Net Zero and a Big Boost for the Renewable Energy Sector” andin n country.
This Iberdrola investment count in the country, the first British minister, Rishi Sunak, during the World Investment Summit at the Hampton Court Palace, he attended the Sanchez Calan. This year, energy has allocated more than 2,000 million pounds (over 2,300 million euros), mainly to power networks and renewable projects, Iberdrola indicated in the report.
One One third of the amount Iberdrola will invest in the UK between the next exercise and 2028and used in transportation and distribution networkswith a Project featured: Innovative East Green Link 1 Submarine Transport Cable (EGL1), which will see an investment of £2,700 million (plus). 3,100 million Euros). Construction of EGL1 will begin in early 2024 and, once completed, the link will be capable of carrying enough renewable energy to serve millions of homes, while increasing the resilience of the UK transmission network.
Also, the group said It will continue to invest in the development of its East Anglia three offshore wind mega projectAs well as in onshore wind and solar projects, energy commercialization and development of green hydrogen.
Likewise, we announced that with additional opportunities for offshore wind energy, announced investments could increase further. For example, the East Anglia One North and East Anglia Two schemes are eligible to participate in future Subasthas.
The Investment Summit seeks to promote foreign investment in the United Kingdom. The world’s top business leaders were invited, including meeting British Prime Minister Rishi Sunak, Hacienda Minister Jeremy Hunt and Secretary of State for Energy and Net Zero Claire Coutinho. and with Secretary of State for Trade and Commerce Kemi Patenok. Gallen, who will be attending a royal reception at Buckingham Palace in the presence of King Charles III, highlighted it. Iberdrola is “excited to contribute to the UK’s leadership in terms of energy security and decarbonisation”.
Strategic plan. In its strategic plan 2023-2025, which foresaw a record investment plan of 47,000 million euros during that period, the United Kingdom was the second most important destination for Iberdrola’s investments, accounting for 16% of total investment – 6,700 million pounds. by the company in the country -, behind the United States – with 47% – and behind the Spanish state (13%).
Electricity and renewable networks. This investment in the United Kingdom is split between its commitment to the electricity grid business and its push for renewable energy to increase the country’s electrification.
wind turbines. Iberdrola, through Scottish Power, has more than 40 offshore and onshore wind farms operating in the United Kingdom, with a total installed capacity of 2,900 megawatts (MW). Also, the East Anglia Three offshore wind farm is the second largest in the world with an investment of 4,000 million pounds (about 4,600 million euros).
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