Iberdrola directs Scottish Power towards its premiere in solar plants | Companies

Iberdrola directs Scottish Power towards its premiere in solar plants | Companies



The Scottish subsidiary of Iberdrola, Scottish Power, has taken a strategic turn and, after the sale of six gas-fired power plants (sold to Drax Group), is available to debut as an investor in solar energy.

It is a step away from the company's use of fossil fuels, as has advanced The Guardian, and reaffirms its bet on renewable sources. Scottish Power, one of the six major electric companies in the United Kingdom, already has a notable presence in wind energy and is one of the pioneers in the development of offshore wind power plants, but the installation of solar parks in the British Isles was until now a own business of smaller firms. The upcoming arrival of a group of Scottish Power draft promises to revolutionize the sector.

The CEO of the Iberdrola subsidiary, Keith Anderson, adduces reasons for the final cost of electricity supply and respect for the environment to explain the landing in solar energy

The CEO of the subsidiary of Iberdrola, Keith Anderson, adduces reasons for final cost of electricity supply and respect for the environment to explain the landing on solar energy. Regarding wind power, Scottish Power plans to participate in a auction next summer looking for subsidies for 557 million pounds (630 million euros) for marine plants.

Moody's has under review, for a rebate, the rating of Scottish Power Generation, while maintaining a stable outlook on Scottish Power and the other subsidiaries.

Iberdrola has already advanced in its strategic plan, last February, its intention to sell generation assets for a total of 3,000 million euros between 2018 and 2022. With the transfer of 2,566 MW of generation from conventional sources to Drax, in the United Kingdom (for 801 million euros), the disinvestment in the solar thermal plant of Puertollano, acquired by Ence last week for 72.3 million plus a credit of 109 million.

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