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ScottishPower

company 1 Deal 1 Partner

ScottishPower is a leading UK energy company, a subsidiary of Iberdrola, focused on renewable energy generation, electricity networks, and retail supply. The company is committed to decarbonization, investing significantly in green infrastructure, particularly in onshore and offshore wind, solar, and network upgrades across the UK.

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Founded 1990 6,000 employees Parent: Iberdrola S.A.
UtilityRenewable Energy DeveloperOperatorDeveloperInvestorOfftaker

Strategic Overview

  • Committed to investing £10 billion in the UK over the next five years (2023-2027) in renewables and networks.
  • Aims to be a key player in the UK's transition to net-zero, focusing on green energy generation and smart grid solutions.
  • Leverages the global expertise and financial backing of its parent company, Iberdrola, to drive large-scale infrastructure projects.

Deal Activity from Public Sources

ScottishPower Renewables acquires the 50 MW Kincardine floating offshore wind farm.
Acquisition Offshore Wind UK October 2023 50 MW with Pilot Offshore Renewables (POR)
Scottish Government approves ScottishPower Renewables' 15-turbine Blackhill Windfarm.
Development Onshore Wind UK October 2023 80 MW
ScottishPower announces Final Investment Decision for 1.4 GW East Anglia 3 Offshore Wind Farm.
Development Offshore Wind UK August 2022 1400 MW

Investment Focus

Technologies
EV Charging1
Geography
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Key People

Keith Anderson
CEO

Track Record

3,500
MW Total
34
Years Active
£M10,000M
Total Value
Notable projects: East Anglia ONE Offshore Wind Farm, Whitelee Onshore Wind Farm, East Anglia 3 Offshore Wind Farm

Detailed Analysis

Sectors
UtilitiesEnergy Transition
Technologies
Onshore WindOffshore WindSolar PVBattery StorageTransmissionEV ChargingGreen Hydrogen
Geographies
UKScotlandEnglandWales
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

ScottishPower RenewablesScottishPower Energy NetworksScottishPower Retail
Track ScottishPower