Following the success of its Offshore Wind Sector Deal, Scottish Power’s chief executive would now like to see the UK Government implement similar policy frameworks for onshore wind and energy storage. Published in March, the UK’s Offshore Wind Sector deal has been credited with keeping the nation’s renewables market attractive to global investors in the face of uncertainties caused by Brexit. It sets a long-term vision for the industry under an overarching aim to ensure that one-third of the UK’s electricity will be generated at offshore wind facilities by 2030, by which point the Business, Energy and Industrial Strategy (BEIS) department believes that the number of jobs in the sector will triple. Now, as it looks ahead at how to set roadmaps for reaching its newly introduced 2050 net-zero goal, Scottish Power’s chief executive officer Lindsay McQuade would like to see the UK Government produce similar policy frameworks for energy storage and onshore wind. Scottish Power has been investing in wind power since the 1990s when, McQuade told edie, the sector was viewed as “tree-hugging” and not profitable in the short or long term. Since then, the company has shifted to 100% wind power, having sold off its last gas assets last autumn. But while the company has a sizeable portfolio of onshore wind farms, the majority of its growth is in offshore arrays, including East Anglia One, which should take the crown of the world’s largest when it opens in 2020.
Edie 10th July 2019 read more »