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Scottish Power to Possibly Double Energy Investments

POWER

Scottish Power hopes to double its investment in UK energy projects by up to £24bn if Labour policies allow, Chief executive Keith Anderson said, cited by Energy Voice.

  • The firm currently plans to spend £12bn until 2028 and “If the Government can halve the time it takes to get projects through planning, I’ll double the amount I invest in this country,” Anderson said.
  • The funding would go into additional wind turbines and improving the grid, Anderson added.
  • The announcement comes after energy secretary Ed Miliband scrapped the ban on onshore wind farms.

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