2021-10-20 11:25:00
IBERDROLA WIND INVESTMENT $8.2 BLN
IBERDROLA - 19/10/2021 - Iberdrola is continuing to forge its global leadership in the offshore wind sector, this time in the UK. Through its subsidiary, Scottish Power, the group has undertaken to invest £6bn in developing an offshore wind complex - East Anglia Hub -, the company's biggest investment anywhere in the world and one of the largest offshore wind projects worldwide.
Iberdrola's chairman, Ignacio Galán, announced this undertaking at the Global Investment Summit organised by Prime Minister Boris Johnson just two weeks before the start of COP26 in Glasgow, the headquarters for ScottishPower, which is the main partner of this summit. The chairman of the energy company confirmed that, subject to obtaining the necessary permits, this new investment package will join a record £10bn investment earmarked by the group in its 2020-2025 plan, enabling it to double its renewable generation capacity and drive decarbonisation in the United Kingdom.
"This meeting has given us the impetus we need to speed up the Net Zero commitments ahead of COP26", explained Galán. "It also supports the British government's plan to ramp up investment in 'green' industries, create jobs and growth and a cleaner, more environmentally friendly future". He added that "we are fully committed to fulfilling our role in this process, and our £6bn investment in East Anglia Hub will be a significant step toward ensuring that offshore wind is able to produce enough clean energy to power all the households in the UK by 2030".
"The East Anglia Hub complex is an example of how companies can support the government's Net Zero ambitions within a predictable, stable framework. This is what international investors need while we prepare for the COP26 climate change summit". "I have no doubt that this is just a taste of what is yet to come, as we continue to tackle the climate emergency, making progress with the energy transition and fighting for a net-zero emissions future".
The Global Investment Summit will be an opportunity to show how the United Kingdom can shape the future of green investment and support high-quality jobs and economic growth while reducing carbon emissions through investment projects like the East Anglia Hub.
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Earlier:
2021, October, 19, 12:15:00
BELGIUM OFFSHORE WIND 3.15 GW
The Belgian Council of Ministers has agreed to expand the capacity of the Princess Elisabeth offshore wind zone in the North Sea from 1.75 GW to 3.15-3.5 GW.
2021, October, 18, 12:10:00
DENMARK OFFSHORE WIND 3 GW
The offshore wind project at the Bornholm island may have an installed capacity of 3 GW, instead of 2 GW.
2021, October, 15, 09:15:00
GERMANY ONSHORE WIND 1.5 GW
The auction for 1,492 MW of onshore wind capacity attracted 210 bids totalling 1,824 MW.
2021, June, 23, 11:25:00
GLOBAL POWER SYSTEM EVOLUTION
No one can predict precisely what the electricity system will look like several decades from now.
2021, June, 22, 12:25:00
GLOBAL ENERGY BALANCE CHANGING
This energy imbalance is “the most fundamental metric defining the status of global climate change,” scientists said in a 2016 Nature Climate Change article.
2021, June, 16, 10:50:00
GERMANY'S WIND 1.161 GW
The auction for 1,243 MW of onshore wind capacity attracted 137 bids totalling 1,161 MW.
