Scottish Power has announced plans to spend up £6bn in the UK by 2022. This includes £2bn to be spent in 2019 as it targets investments including electric vehicle charging, smart grids and energy storage technologies.
The company intends to spend 40% of the £6bn fund on new renewable energy generation, 42% on smarter enhanced networks and 15% on “innovative services and products for customers”. Additionally, the plans include a new electric vehicle public charging business based within its retail division, which will install rapid chargers from winter 2019.
The company sees “substantial opportunities” for the continued development of onshore wind projects across Scotland and announced plans for a 50MW battery storage project at Whitelee onshore wind farm in East Renfrewshire.