Scottish Power, who supply 10% of all electricity in the United Kingdom, have announced it expects to spend £2billion in the UK in 2019, the company’s biggest ever investment in the country in a single year.
the company announced it had ditched coal and gas as it transitioned to 100% renewable energy
This is Scottish Power’s first investment plan since the company announced it had ditched coal and gas as it transitioned to 100% renewable energy as part of their plan to support the UK in becoming the world’s leading clean energy economy.
According to the company between 2018 and 2022 ScottishPower will spend £6 billion in the UK with 40% of that on new renewable energy generation, 42% on smarter enhanced networks and most of the rest on ‘innovative services and products for customers’.
As part of the announcement the company also said they are investing in smarter services for customers, including products to unlock the market for electric vehicle ownership.
Nice move and quite an inspirational short film to highlight their goals.