ScottishPower has unveiled £5.4bn-worth of contract opportunities as it outlines its next phase of electricity network investment.
The move is the company’s biggest issued contract opportunity to-date, and will see major investment in green energy infrastructure and green jobs in the coming decades.
ScottishPower now has billions of pounds in contracts on offer for the supply chain to support its electricity network ambitions and a net zero future, it said.
ScottishPower’s grid business, SP Energy Networks, is now encouraging companies with the skills and experience to bid for contracts to design, develop and upgrade new and existing strategic transmission infrastructure. This will include new high voltage substations, overhead line construction as well as design, engineering, construction, and electrical works.
The contracts will cover the next 10 years and includes transmission projects across central and southern Scotland. It will help move more green energy across the country to help deliver a low carbon future, connecting 80 to 85GW of clean renewable energy to the GB transmission system and reduce the UK’s reliance on fossil fuels.
Keith Anderson, ScottishPower CEO, said: “We’re kickstarting the largest overhaul of the grid since its inception. Our investment plans will help grow our electricity networks, grow our workforce and will provide a massive opportunity for the supply chain whilst unlocking growth for the wider economy.
“It is vital we get serious about getting on with the job of consenting and getting this new grid built so that we can take advantage of clean green renewables, transport it around the country and lock in our energy security and maintain the UK’s track record in leading on decarbonisation”
Vicky Kelsall, CEO of SP Energy Networks, said: “This is one of the most significant infrastructure roll outs to upgrade the grid to support the electricification of the wider economy. We’ve got the plans and we’ve got the financial capital to invest, and the UK supply chain stands ready to benefit to the tune of billions.”
Image from Shutterstock
