SP Energy Networks launches $1.9 B clean power plan
SP Energy Networks has launched a $1.9 B investment to support Government's Clean Power 2030 mission.
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Scotland: SP Energy Networks has awarded supply chain contracts to support a $1.9 B (£1.4 B) commitment to deliver critical onshore transmission projects across central and southern Scotland and help achieve the Government’s Clean Power 2030 mission.
As part of a broader $7.4 B (£5.4 B) supplier investment programme over the next decade to modernise the grid, the contracts enable SP Energy Networks to establish long-term partnerships with UK businesses to upgrade the electricity network.
It is part of a multi-billion- investment programme to create more capacity for new homes, businesses, and renewable energy projects, distribute power across the country more efficiently and significantly reduce the UK’s dependence on fossil fuels and boost energy security.
Representatives from the successful businesses signed SP Energy Networks’ Delivery Charter, committing to green job creation, positive community impact, and a safe working environment.
Nicola Connelly, CEO SP Energy Networks said, “This is great news for the UK and Scottish supply chains, with every pound spent directly benefiting central and southern Scotland and its infrastructure for decades to come.”
Energy Minister, Michael Shanks, praised the initiative, saying, “These SP Energy Networks partnerships take us a step closer to reaching clean power by 2030, in modernising the country’s outdated network to get more of clean power generated in Scotland to homes and businesses across the country.
The awarded contracts cover a wide range of critical infrastructure, including: new and upgraded high-voltage substations, overhead line construction, design, engineering, construction, and electrical works.
The strategic partnerships will initially run for five years, with the option to extend to 10, providing long-term certainty for suppliers and enabling them to invest in skills, technology, and innovation with 17 of the 19 suppliers based in the UK.
The announcement follows ScottishPower’s commitment to double its UK investment to $33 B (£24 B) by 2028, with two-thirds allocated to electricity networks.
Source: SP Energy Networks
#clean energy#Michael Shanks#Nicola Connelly#onshore transmission projects#Scotland#SP Energy Networks
