ScottishPower revealed it is investing £4million every day until 2020 as it celebrated the official opening of its new headquarters in Glasgow with the First Minister Nicola Sturgeon today (Tuesday, July 11).
The company announced that daily investment has risen from £3.3 million per day during 2013-15, up to £4m per day during the 2016-2020 investment period. The investment programme, which will be led by expert teams based in the new HQ, will total around £8 billion until 2020 and will be focused on ‘future-proofing’ the UK’s electricity system.
Power consumption from homes and businesses is set to increase by a third over the next decade as more households switch to low-carbon electric heating and trade traditional vehicles for electric cars as they become more affordable.
The energy company has been committed to low-carbon investments for many years. Already £100million annually is being spent to make the electricity network in Scotland, Merseyside and North Wales more intelligent, with the installation of smart technology.
ScottishPower is also a leader in renewables, managing over 2.5 gigawatts (GW) of green power from its mixture of windfarms and hydro plants. The company’s networks business has connected more renewable technology to the National Grid in the UK than any other power company (over a third of the UK’s total).
The company’s new HQ has brought together 1,650 employees previously spread across a number of separate sites in Scotland, enabling better collaboration on future technologies.
The St Vincent Street building, which is the largest single-use office to be built in Glasgow for 25 years, will also act as the company’s global base for offshore wind. Glasgow-based experts will work to deliver major projects not only in the UK, but also in the United States, Germany and France.
Ignacio Galán, Chairman of ScottishPower, said: “Glasgow has a long and successful history in innovation and industry and our new headquarters will ensure that the city continues to be a centre of engineering excellence and invention.
“For the first time, we have our expert teams under one roof with a shared purpose to harness low carbon power and deliver digital transformation.
“Along with our skilled workforce, our new HQ will also be an exciting hub delivering our planned £8bn investment in new projects across the UK and beyond. Together we will provide the systems that power the future.
“Glasgow has been our home for over 60 years, and we are very pleased to be committing our long term future to the City. It has a proud engineering heritage, and just as the city was pivotal to the industrial revolution, we hope that we can help it to play an important role in the digital revolution.”
Rt Hon Nicola Sturgeon MSP, First Minister of Scotland, said: “ScottishPower’s new UK headquarters demonstrates this global company’s commitment to Scotland. It’s a fitting new home for a company that has been a huge asset for Glasgow, and the wider country, for many years.
“This building houses more than 1600 employees, and ScottishPower has committed to spending £4 million every day to support innovation and the transition to clean energy.
“This level of ambition is an exemplar to our world-leading energy sector. I wish ScottishPower every success in the future as they help us realise our long-term plan for Scotland’s energy future, which includes a proposal to meet half of our energy needs from renewables by 2030.”
For more information, please contact Simon McMillan, ScottishPower Head of Media on email@example.com or 07753622257
Notes to editors
- The new ScottishPower hq is the largest single-use building to be constructed in Glasgow for 25 years
- Approx 220,000 square foot (20,500 square metres) are spread over 12 floors with limited underground parking to encourage employees to use public transport or active travel options. 100 cycle racks and a drying room/shower and locker facilities are available for cyclists
- Key features include a 280 seat theatre style auditorium and 280 seat restaurant and coffee bar with 5-storey atrium, occupational health suit and gym with cardio, resistance and classes for employee wellbeing
- It’s one of the greenest buildings in the city with an Energy Performance Certificate ‘A’ rating for energy efficiency with harvested rainwater used to flush toilets and an intelligent heat recovery system