- Plans for £6.7 billion of investment in clean energy between 2023 and 2025 confirmed across Energy Networks and Renewables divisions
- 19 renewable energy projects secured - totalling more than 10GW
- Over £3 billion awarded by Ofgem for essential upgrades to the electricity distribution network and 12 transmission projects targeted by the ESO to connect new renewable generation
- Biggest ever recruitment drive launched to support ambitions - with at least 1,000 new jobs to be filled in the next 12 months.
ScottishPower1 has published its Annual Report for 2022 which saw a record number of green infrastructure projects secured and an acceleration in delivering the green energy security needed in the UK.
Seabed rights for three offshore projects, with total capacity of 7GW, were awarded in the ScotWind auction in January, including two large-scale floating projects in partnership with Shell and one solo fixed project. Taken together, these projects treble ScottishPower’s offshore wind pipeline to more than 10GW and boost its position in UK’s offshore wind market.
ScottishPower Renewables also secured contracts for a record 16 renewable energy projects – offshore and onshore wind and solar – across the UK in the Allocation Round 4 process. Totalling 2.1 GW, these projects will spur investment of up to £4bn and almost double the company’s green energy generation capacity.
The culmination of Ofgem’s ED2 price control process saw SP Energy Networks’ proposals for £3bn in upgrading and developing its distribution networks to ready communities for electrification of transport and heat and unlock communities’ power to decarbonise.
The Energy System Operator’s Holistic Network Design plan published in July set out the need for £5bn of investment in 12 SP Energy Networks onshore transmission projects that will be essential for delivering the UK’s 2030 offshore wind targets.
Together, these projects across ScottishPower’s networks and renewables businesses are integral to delivering ambitious net zero targets and providing greater energy security and independence for the UK.
To help deliver this record level of investment, ScottishPower also announced its biggest ever recruitment drive with plans to recruit at least 1,000 roles across the company between 2022-23. These new recruits will be directly employed across all areas of the business and at all stages of career, from trainees to time served trades and supporting roles. The UK supply chain will also see a further boost and potentially thousands more indirect jobs created as the company’s billions of pounds worth of projects advance at pace.
As the energy crisis intensified during 2022, ScottishPower’s retail business was a leading voice in calling for industry wide interventions and government measures to protect consumers from spiralling wholesale costs, as a result of the on-going war in Ukraine and gas crisis. The UK Government’s package of support for domestic and business customers announced in September 2022 is continuing to provide a range of measures to support customers through the ongoing crisis.
Keith Anderson, ScottishPower1 CEO, said:
“Our record of achievement in 2022 now gives us our biggest ever investment pipeline of green energy assets to help deliver the Government’s energy strategy and net zero for the UK.
“Accelerating at pace on green energy infrastructure has never been more important than it is now and is the answer to the issues we’re seeing globally on energy security and cost. ScottishPower is well placed to support the vital transition to a cleaner, greener and more secure energy market.
“With this huge investment comes jobs and supply chain opportunities and we are now actively recruiting at least 1,000 people to join us in new positions to design, build and operate this green energy infrastructure and help fulfil our ambitions – a testament to our ability to deliver for wider society.”
1 Scottish Power UK plc is an immediate subsidiary of Scottish Power Limited and is a member of the Scottish Power Limited Group (“ScottishPower”).