At ScottishPower, we are excited about our major projects - making clean energy work for you.
Our business is growing and Iberdrola is investing significantly in the work we are doing, here in the UK. In fact, Iberdrola have committed to invest €24bn globally of which some 35% will be spent in the UK – that’s over £1.4billion every year for the next 5 years.
The majority of investment in SP Energy Networks will be directed at our network infrastructure, including the first ever bi-directional subsea interconnector which is a £1.3bn project due to be operational in 2017. For our Retail customers the future of energy is changing and ScottishPower is bringing that change to you through a £1bn Smart Meter programme which will see 5.7 million Smart Meters installed by 2020.
In Renewables our energy projects include East Anglia ONE and the Wikinger offshore windfarm in Germany. East Anglia ONE is a £2.5bn project which, when built, will deliver the best value offshore windfarm in the world and Wikinger, at €1.4bn, is Iberdrola's single largest investment this decade and the Group's second offshore site.
Investments on this scale create significant employment opportunities. Through our Distribution network investment we are supporting 2,500 jobs across the supply chain and Wikinger will support hundreds of long-term highly skilled jobs.
We partner with suppliers to deliver the work we do; we’ve spent more than £3bn with suppliers in 2016, a record year for the company, and in total across the UK, ScottishPower contracts and investment are supporting around 78,000 jobs across the supply chain.
We’re excited about the work we do, as well as proud of our people and the ground-breaking progress we’re making. Don’t just take our word for it; click the links on this page to learn more about some of our largest capital projects, which demonstrate ScottishPower is an integral part of a successful international Group.