May 13 (Renewables Now) - ScottishPower Renewables, part of Spanish utility Iberdrola SA (BME:IBE), plans to acquire 165 MW of onshore wind energy developments in Scotland that could entail an investment of over GBP 150 million (USD 184.1m/EUR 169.8m).
The company said on Wednesday it has signed two agreements to develop wind farms in central Scotland that it will purchase from individual shareholders 3R Energy and Mitchell Energy Ltd. The power plants in South Lanarkshire are expected to generate electricity for about 100,000 homes, once commissioned.
The combined project includes the repowering of the Hagshaw Hill wind park -- Scotland’s first commercial wind farm, which ScottishPower acquired back in 1996.
The Iberdrola unit is already developing a similar project in South Lanarkshire as a majority shareholder. The 55-MW scheme and the new developments will lift its clean energy cluster in that council area to 220 MW, it said.
“As we begin to emerge from the coronavirus crisis, investment in green infrastructure can quickly be delivered, creating jobs and offering immediate economic and environmental benefits. This will help to support the UK’s overall recovery at this critical time,” said Ignacio Galan, ScottishPower’s Chairman and CEO of Iberdrola.
The utility noted it is the first integrated energy company in the UK supplying 100% wind-generated electricity.
(GBP 1.0 = USD 1.227/EUR 1.132)