Iberdrola Makes in the United Kingdom a Record Investment of 14 Billion in Networks Waiting for Spain to Improve Its Remuneration Framework
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Iberdrola will make the largest investment in its history in the United Kingdom, amounting to EUR 14 billion, which will be allocated in particular to electricity grids and to chart two underwater interconnections, between Scotland and England and between Scotland and Wales, thanks to the new remuneration framework just approved by the British Government and which offers a remuneration rate of 7%, in full struggle in the electricity sector for t…
The UK subsidiary of Iberdrola, ScottishPower, has received the approval of the regulatory body, Ofgem, to invest about 14 billion euros in its networks in the UK, mainly in new interconnections between Scotland and England and Wales. The UK regulator has also approved the remuneration framework for electricity transport until 2031, called RIIO T3, after a process of interaction with all related parties that has lasted about two years.
Iberdrola now has a clear path to make the largest investment in the company's history. ScottishPower, its British subsidiary, received the green light this Thursday from Ofgem—the UK energy regulator—to invest nearly €14 billion in its UK networks, primarily in new interconnections between Scotland and England and Wales.
Scottish Power, the British subsidiary of Iberdrola, has received Thursday the approval of the regulatory body, Ofgem, to invest about 14 billion euros in its networks in the UK, mainly in new interconnections between Scotland and England and Wales, according to the company, which has explained that it is the largest [...] The entry Iberdrola receives green light to its investment of 14 billion in networks in the UK, the biggest of its history a…
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El PluralIberdrola will make the biggest investment in its history after receiving the approval of the British regulator, Ofgem, to spend nearly 14 billion euros on the reinforcement and expansion of its electricity networks in the United Kingdom. The decision, announced on 4 December, marks a milestone for the subsidiary ScottishPower and involves tripling the investment volume with respect to the previous regulatory framework. The plan is articulated a…
Iberdrola, who landed in the UK with Scottish Power in 2006, today received the approval of the British regulator (Ofgem), to invest 14 billion euros in its British networks, mainly in new interconnections between Scotland and England and Wales. Read
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