As part of ScottishPower’s commitment to investing in the UK’s green economic recovery and to contributing to meeting Net Zero targets, the company has signed two separate agreements to develop wind farms in central Scotland that could see investment of over £150 million.
The acquisition of wind farm developments from local individual shareholders of 3R Energy and Mitchell Energy Ltd. will see a combined capacity of 165 MW of new clean electricity generation developed near Douglas in South Lanarkshire, 35 miles south of Glasgow, Scotland. When added to a similar 55 MW project in the area majority owned by ScottishPower, these developments will create a clean energy cluster in South Lanarkshire totalling 220 MW. The project also includes the repowering of Scotland’s Hagshaw Hill wind farm, which ScottishPower originally took ownership of in 1996. It is expected that the overall project could create 600 peak jobs and 280 long-term jobs.
It is the third green energy deal since March for the Iberdrola Group, who have also recently acquired the French renewable energy firm Aalto Power for €100 million. This deal secured 118 MW of operational onshore wind power in France and a project portfolio of 636 MW in various stages of development. In March, Iberdrola also increased its stake in the €2.4 billion Saint-Brieuc offshore wind farm in France, from 70% to 100%, which will have a capacity of 496 MW.
Read the article online at: https://www.energyglobal.com/wind/13052020/scottishpower-aquires-wind-farms/