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Iberdrola launches €13.7 billion Scottish grid upgrade plan
Investing.com – Iberdrola SA (BME:IBE) announced that through its ScottishPower Energy Networks subsidiary, it will invest more than 13.7 billion euros over the next five years to modernize Scotland’s power grid.
This Spanish utility company will deploy the investment to upgrade the infrastructure of Scotland’s electricity distribution systems. The plan is one of the largest infrastructure investments in Scotland’s energy sector to date.
ScottishPower Energy Networks is the electricity distribution network operator for the central and southern regions of Scotland, serving about 3.5 million customers in the area.
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