Spanish energy giant Iberdrola has said it plans to invest €8.3bn in the UK by 2020, as it reported rising profits in its 2015 results. The Scottish Power owner said it will carry on “diversifying its business and boosting the process of internationalisation begun more than a decade ago”. As well as ploughing money into transmission and distribution infrastructure, it expects to bring online more than 1GW of offshore and 450MW of onshore wind projects in Britain.
Utility Week 25th Feb 2016 read more »