ScottishPower Ditches Remaining Gas Plants In Move To 100% Wind
Scottish power company ScottishPower announced on Tuesday that it has completed the sale of its traditional generation business to British electrical power generation company Drax Group for £702 million in cash, resulting in ScottishPower becoming the first integrated energy company in the UK to shift completely from coal and gas to wind power.
“This is a pivotal shift for ScottishPower as we realise a long-term ambition,” said Keith Anderson, Chief Executive of ScottishPower. “We are leaving carbon generation behind for a renewable future powered by cheaper green energy. We have closed coal, sold gas and built enough wind to power 1.2 million homes.
Over the past decade, ScottishPower has closed all its coal plants, and sold its gas and hydro stations, while building up a portfolio of 2,700 MW worth of wind power either already operating or under construction, and a pipeline of future wind projects worth over 3,000 MW. Included in the company’s pipeline is 2,900 MW worth of offshore wind — in addition to the 714 MW East Anglia ONE offshore wind farm currently under construction.
“Energy companies must be part of the solution to climate change,” added Ignacio Galán, Chairman and Chief Executive of Iberdrola, ScottishPower’s parent company. “Iberdrola is acting now to cut carbon emissions 30% by 2020 and be carbon neutral by 2050. The sale of these generation assets is consistent with our strategy.”
PS: Yes I saw the original typo… I'm sure ScottishPower did not "build wind" but probably built "wind generation" 😉
See https://cleantechnica.com/2018/10/17/scottishpower-ditches-remaining-gas-plants-in-move-to-100-wind/
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ScottishPower Ditches Remaining Gas Plants In Move To 100% Wind | CleanTechnica Scottish power company ScottishPower announced on Tuesday that it has completed the sale of its traditional generation business to British electrical power generation company Drax Group for £702 million in cash, resulting in ScottishPower becoming the first integrated energy company in the UK to shift completely from coal and gas to wind power |