ESG Telegraph
  • Home
  • Latest News
  • Environment
  • Companies
  • Investors
  • Governance
  • Markets
  • Social
  • Regulators
  • Sustainable Finance
Featured Posts
    • Latest News
    Cineworld prepares for US bankruptcy filing
    • August 19, 2022
    • Companies
    WWE: body-slammed boss dives out as new champ grapples sale rumours
    • August 19, 2022
    • Markets
    Net zero targets: Ask what you can do for your country . . . 
    • August 19, 2022
    • Latest News
    UK health body calls for upgrade to sewage system as beaches close
    • August 19, 2022
    • Companies
    How Tiger Global withdrew its claws when the tech bubble burst
    • August 19, 2022
Featured Categories
Belarussia
View Posts
Companies
View Posts
Energy
View Posts
Environment
View Posts
Food
View Posts
Governance
View Posts
Health
View Posts
Investors
View Posts
Latest News
View Posts
Markets
View Posts
Potash
View Posts
Regulators
View Posts
Russsia
View Posts
Social
View Posts
Supply Chain
View Posts
Sustainable Finance
View Posts
Technology
View Posts
Uncategorized
View Posts
ESG Telegraph ESG Telegraph
7K
9K
4K
1K
ESG Telegraph ESG Telegraph
  • Home
  • Latest News
  • Environment
  • Companies
  • Investors
  • Governance
  • Markets
  • Social
  • Regulators
  • Sustainable Finance
  • Companies

Iberdrola Expands Position in UK Renewables Market with 800 MW Solar Acquisitions

  • January 15, 2022
  • Staff
Total
0
Shares
0
0
0

Global energy and electricity provider Iberdrola announced today a significant expansion of its presence in the UK renewable energy market, acquiring 17 solar photovoltaic (PV) projects with a combined capacity of more than 800 MW.

The transactions consist of two separate deals conducted by Iberdrola’s UK subsidiary ScottishPower, with 12 projects acquired from Elgin Energy, and remaining 5 projects from Lightsource BP. Following the transactions, Iberdrola’s market share in the solar PV sector will rise from 2% to 9%.

The acquisitions come as Iberdrola has identified the UK market as a key target for its renewable generation capacity growth. In October, announced that it would invest £10 billion in the UK through 2025, aiming to double its renewable generation capacity and drive decarbonization in the country.

The UK investments form part of Iberdrola’s €75 billion capital plan, launched in late 2020, which includes massive investments over the next few years in renewable energy, with the company anticipating nearly doubling its renewables capacity by 2025. The investments plan is primarily focused on markets in Spain, the UK and the US. Over the next decade, the company aims to invest €150 billion, tripling its renewable energy capacity and doubling its network assets.

The newly acquired solar PV projects, located across England, Scotland and Wales, are expected to be operational by 2025 with a total investment of approximately €600 million.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You May Also Like
Read More
  • Companies

WWE: body-slammed boss dives out as new champ grapples sale rumours

  • Staff
  • August 19, 2022
Read More
  • Companies

How Tiger Global withdrew its claws when the tech bubble burst

  • Staff
  • August 19, 2022
Read More
  • Companies

Dating apps should spark love across the political divide

  • Staff
  • August 19, 2022
Read More
  • Companies

DD and Marky Mark walk into a gym . . . 

  • Staff
  • August 19, 2022
Read More
  • Companies

Tensions with Moscow test Latvia’s welcome for Russian media exiles

  • Staff
  • August 19, 2022
Read More
  • Companies

EU braced for legal challenges to rules designed to tackle Big Tech

  • Staff
  • August 19, 2022
Read More
  • Companies

Soaring rental car costs make taxis a better travel option

  • Staff
  • August 19, 2022
Read More
  • Companies

China funds Huawei’s Solomon Islands deal in sign of deepening ties

  • Staff
  • August 19, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured Posts
  • 1
    Cineworld prepares for US bankruptcy filing
    • August 19, 2022
  • 2
    WWE: body-slammed boss dives out as new champ grapples sale rumours
    • August 19, 2022
  • 3
    Net zero targets: Ask what you can do for your country . . . 
    • August 19, 2022
  • 4
    UK health body calls for upgrade to sewage system as beaches close
    • August 19, 2022
  • 5
    How Tiger Global withdrew its claws when the tech bubble burst
    • August 19, 2022
Recent Posts
  • More smelters face threat of closure as Europe enters a power-starved winter
    • August 19, 2022
  • Italy election frontrunner Giorgia Meloni says she will not put Covid funds at risk
    • August 19, 2022
  • Dating apps should spark love across the political divide
    • August 19, 2022

Sign Up for Our Newsletters

Subscribe now to our newsletter

ESG Telegraph
  • Home
  • Privacy Policy
  • Guest Post
  • Contact

Input your search keywords and press Enter.