Raw: [
Key Impact Points: The early new year boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in…
The post ScottishPower’s Historic £5.4 Billion Boost for UK’s Green Energy Transition appeared first on ESG News.
]
ScottishPower's Historic £5.4 Billion Boost for UK's Green Energy Transition – ESG News
LOADING
ESG News
ESG Business
Sustainability
Technology
Infrastructure
ESG Reporting
ESG Standards
Environmental
Government
Diversity, Equity & Inclusion
ESG Investing
Sustainable Finance
ESG Funds
Digital Assets
ESG Lifestyle
ESG Events
Upcoming Event List
International
ESG Europe
ESG Asia
ESG India
ESG Russia
ESG Middle East
ESG Japan
ESG Canada
ESG Latin America
ESG United Kingdom
Videos
Force For Good
Greenwich Economic Forum
UN Global Compact Leaders Summit 2022
Blockchain for Europe
UNCTAD Sustainable Stock Exchange Initiative
Humanity 2.0
World Economic Forum
Caspian Week
Converge2Xcelerate
International WELL Building Institute
EarthX
Type to search
ESG NewsESG Business
SustainabilityTechnologyInfrastructureESG ReportingESG StandardsEnvironmentalGovernmentDiversity, Equity & Inclusion
Tim Mohin: ESG ON FIRE
Tim Mohin
January 12, 2024
Fashion’s Ethical Makeover: 2024 Unveils Wardrobe Transparency Revolution
Jaclyn Noble
January 12, 2024
Samsung’s Eco-Innovations Shine at CES 2024’s Sustainability Zone
ESG News
January 12, 2024
Iberdrola and ANFACO-CECOPESCA Collaborate to Decarbonize the Marine Industry
ESG News
January 12, 2024
Samsung’s Eco-Innovations Shine at CES 2024’s Sustainability Zone
ESG News
January 12, 2024
Speeki Integrates AI into the Speeki Platform to Support Building ESG initiatives and Programmes
ESG News
January 11, 2024
Clarios and Altris Join Forces to Innovate in Sustainable Sodium-Ion Battery Tech for Automotive Industry
ESG News
January 10, 2024
Google’s AI Initiative, Project Green Light, Targets Emissions at Intersections
ESG News
January 10, 2024
ScottishPower’s Historic £5.4 Billion Boost for UK’s Green Energy Transition
ESG News
January 15, 2024
BlackRock Acquires World Leading Infrastructure Investment Platform Global Infrastructure Partners (GIP) for $12.5 Billion
ESG News
January 12, 2024
GreenIT and Galileo Partner on 140 MW Solar PV Projects to Boost Renewable Energy in Italy
ESG News
January 9, 2024
Statkraft to Invest €6 Billion in Hydro and Wind Power Upgrades Across Norway
ESG News
January 9, 2024
Apex Group Launches ESG Advisory and Reporting Unit, Holtara
ESG News
January 12, 2024
IAEA Scientists Mission to Uncover Microplastics in Antarctica
ESG News
January 10, 2024
World Economic Forum’s 2024 Global Risks Report: Growing Risks and Emerging Responses
ESG News
January 10, 2024
Schneider Electric Unveils Research on Middle East Decarbonization Pathways by 2060
ESG News
January 8, 2024
Bezos Earth Fund Launches $1M Prize for Greenhouse Gas Removal Innovations
ESG News
January 12, 2024
IEA Highlights Major Leap in Renewable Energy, Edging Closer to COP28 Targets
ESG News
January 11, 2024
New Benchmarks for Sustainable Development: S&P Dow Jones Indices Introduces SDG-Aligned Indices
ESG News
January 11, 2024
Sustainability Takes the Plate at Helsinki’s Culinary Event of the Year: Michelin Green Star
ESG News
January 9, 2024
EU Passport for Inclusion: Disability Card Smooths Travel Obstacles
ESG News
January 11, 2024
EOA Foundation: Uniting for Sustainable Development and Global Impact
ESG News
January 2, 2024
American Express Commits $12.75M in Grants to Aid Small Businesses in Climate Resilience and Disaster Recovery
ESG News
December 26, 2023
Trip.com’s Green Revolution: 16 Million Choose Sustainable Travel in ESG Report
ESG News
December 15, 2023
ESG Investing
Sustainable Finance ESG Funds Digital AssetsESG LifestyleESG Events
Upcoming Event ListInternational
ESG Europe ESG Asia ESG India ESG Russia ESG Middle East ESG Japan ESG Canada ESG Latin America ESG United KingdomVideos
Force For Good Greenwich Economic Forum UN Global Compact Leaders Summit 2022 Blockchain for Europe UNCTAD Sustainable Stock Exchange Initiative Humanity 2.0 World Economic Forum Caspian Week Converge2Xcelerate International WELL Building Institute EarthX
Get Breaking ESG News Alerts
Daily Newsletter
Join Now
videocam
Latest News
Seven simple questions
Help us improve your experience, delivering more of what you want
ESG Survey
Seven simple questions – Help us improve your experience, delivering more of what you want!
ScottishPower’s Historic £5.4 Billion Boost for UK’s Green Energy Transition
Climate Tech
/
Energy Transition
/
ESG United Kingdom
/
Infrastructure
/
News
/
ScottishPower’s Historic £5.4 Billion Boost for UK’s Green Energy Transition
by ESG News
•
January 15, 2024
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Listen to this story:
Key Impact Points:
ScottishPower announced a £5.4 billion investment in its SP Energy Networks business for green energy infrastructure and jobs, marking the company’s largest contract opportunity ever.
The investment aims to support the UK’s electricity demand, which is expected to double in the next decade, requiring over 600,000km of new or upgraded electricity lines.
SP Energy Networks is seeking bids from the supply chain for contracts to design, develop, and upgrade strategic transmission infrastructure, including high voltage substations and overhead line construction.
The investment covers transmission projects across central and southern Scotland, connecting 80-85GW of clean renewable energy to the GB transmission system and reducing reliance on fossil fuels.
The UK Government recently announced measures to expedite the construction of high voltage power lines and improve grid connection processes, supporting renewable energy investment.
The early new year boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in green energy infrastructure and green jobs which will bolster the grid for decades to come.
With electricity demand forecast to double in the next 10 years, the International Energy Agency says the UK needs more than 600,000km of new or upgraded electricity lines to meet its needs.
ScottishPower is at the forefront of unlocking green growth and now has billions of pounds in contracts on offer for the supply chain to support its electricity network ambitions and a net zero future.
Keith Anderson, ScottishPower CEO, said: “We’re kickstarting the largest overhaul of the grid since its inception. Our investment plans will help grow our electricity networks, grow our workforce and will provide a massive opportunity for the supply chain whilst unlocking growth for the wider economy.”
“It is vital we get serious about getting on with the job of consenting and getting this new grid built so that we can take advantage of clean green renewables, transport it around the country and lock in our energy security and maintain the UK’s track record in leading on decarbonisation”
ScottishPower’s grid business, SP Energy Networks, is now encouraging companies with the skills and experience to bid for contracts to design, develop and upgrade new and existing strategic transmission infrastructure.
This will include new high voltage substations, overhead line construction as well as design, engineering, construction, and electrical works.
Vicky Kelsall, CEO of SP Energy Networks, said: “This is one of the most significant infrastructure roll outs to upgrade the grid to support the electricification of the wider economy. We’ve got the plans and we’ve got the financial capital to invest, and the UK supply chain stands ready to benefit to the tune of billions.”
Related Article: ScottishPower Formalizes £1.3 Billion Contract Award for East Anglia Three Offshore Wind Farm
The £5.4bn worth of contracts will cover the next 10 years and includes transmission projects across central and southern Scotland. It will help move more green energy across the country to help deliver a low carbon future, connecting 80-85GW of clean renewable energy to the GB transmission system and reduce the UK’s reliance on fossil fuels.
In November, the UK Government announced plans to halve the time it takes to build high voltage power lines and cut the time it takes to connect to the grid. Its package of measures aims to support economic growth and cement the UK as one of the best countries in the world to invest in renewables.
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Topics
ESG
ESG News
Green Energy
Net Zero
ScottishPower
Related Articles
Tim Mohin: ESG ON FIRE
Tim Mohin •
January 12, 2024
Fashion’s Ethical Makeover: 2024 Unveils Wardrobe Transparency Revolution
Jaclyn Noble •
January 12, 2024
COP28 Interview – Prof. Petteri Taalas, Secretary General, WMO talks to Ketan Patel, Chairman, Force For Good
ESG News •
January 12, 2024
Apex Group Launches ESG Advisory and Reporting Unit, Holtara
ESG News •
January 12, 2024
Dec
11
December 11, 2023 – January 15, 2024
The Case for ESG & Climate in 2023 and Beyond: Watch Webinar Replay
Jan
9
January 9 @ 3:00 am – January 18 @ 12:00 pm EST
Global Steel Sustainability Summit 2024
Jan
16
4:00 am – 6:00 am EST
The Role of asset-based data in curbing emissions
Jan
16
10:00 am – 12:00 pm EST
Speeki Academy: Live Online Courses
Jan
24
All day
International Day of Education
View Calendar
Today’s Top ESG Stories
ScottishPower’s Historic £5.4 Billion Boost for UK’s Green Energy Transition January 15, 2024
1PointFive and BCG Join Forces: A Landmark Deal for Direct Air Capture Carbon Credits January 12, 2024
BlackRock Acquires World Leading Infrastructure Investment Platform Global Infrastructure Partners (GIP) for $12.5 Billion January 12, 2024
Global Net Zero Commitment: 20 Industrial Clusters Across 10 Countries Join Forces January 12, 2024
BCSD Taiwan Spearheads Sustainability Shift with WBCSD Tools for Business Resilience January 12, 2024
ESG News Quote of the Day
You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.
Theodore Melfi, American filmmaker
Tweet
ESG News Daily Newsletter
First Name
Last Name
Email address:
Leave this field empty if you’re human:
Related Stories
Tim Mohin: ESG ON FIRE
Fashion’s Ethical Makeover: 2024 Unveils Wardrobe Transparency Revolution
COP28 Interview – Prof. Petteri Taalas, Secretary General, WMO talks to Ketan Patel, Chairman, Force For Good
Apex Group Launches ESG Advisory and Reporting Unit, Holtara
About ESG News About Us
Become a Contributor
Newsletter
Contact Us
Services Advertise With Us
Sponsorships
Events
News Agency
Terms & Privacy Terms & Conditions
Privacy Policy
Cookies
Copyright
Follow Us
YouTube
©2021 ESG News Corp. All rights reserved.
Add ESG News to your home screen?
Add this web page on your home screen for quick and easy access when you’re on the go.
Just tapthen “Add to home screen”
×