ScottishPower sells traditional generation business to focus on wind

Shell joins Global Wind Energy Council
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ScottishPower has shifted from coal and gas generation to focus entirely on wind power having sold its traditional generation business to Drax in a £702 million deal.

Keith Anderson, Chief Executive of ScottishPower, said: “This is a pivotal shift for ScottishPower as we realise a long-term ambition.

“We are leaving carbon generation behind for a renewable future powered by cheaper green energy. We have closed coal, sold gas and built enough wind to power 1.2 million homes.

“Every working day we are investing over £4m to deliver cleaner, smarter power for customers. From today we can focus solely on making energy generation cheaper, cutting carbon quicker, building smart grids and connecting customers to renewable electric future for transportation and heating.”

In the last decade ScottishPower has closed all of its coal plants, and with the sale of the remaining gas and hydro stations, the company now generates 100% of its electricity from wind power.

Currently ScottishPower has 2,700 megawatts (MW) of wind power capacity operating or under construction in the UK, and a pipeline of future projects capable of generating more than 3,000 MW.

ScottishPower is investing £5.2 billion to 2022, with a focus on, renewable energy, enhanced grid networks and smart technology for customers.