In the first half of 2024, the company invested nearly £1 billion in low-carbon projects, including offshore and onshore wind farms, battery storage, and grid upgrades. This investment aligns with the UK's ambitious net-zero goals.
A major milestone was the acquisition of an 88% stake in Electricity North West, a distribution network operator. This strategic move will strengthen Scottish Power's position in the energy sector and support the country's transition to a greener future.
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Scottish Power Renewable's portfolio continues to expand, with two new contracts secured in the recent Contracts for Difference Auction Round 6. The East Anglia Two offshore wind farm, with a capacity of 963MW, will be a key component of the East Anglia Hub, delivering clean energy to the region.
Beyond renewable generation, Scottish Power is also focused on supporting customers in adopting sustainable technologies. The company recently launched a new heat pump tariff, offering customers a cheaper rate for heating their homes with renewable energy.
As the UK accelerates its efforts to combat climate change, Scottish Power's investments in clean energy and grid infrastructure are playing a vital role in shaping a more sustainable and resilient energy future.
