Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Petro-Victory spuds SJ-12 gas well at São João field, Brazil

March 2, 2026

Brazil offshore vessel operators OceanPact, CBO announce merger

March 2, 2026

LNG shutdowns and refinery halts complicate global energy outlook – Oil & Gas 360

March 2, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » SP Energy Networks Launches £1.4bn Grid Investment to Accelerate UK’s Clean Power 2030 Goals
ESG & Sustainability

SP Energy Networks Launches £1.4bn Grid Investment to Accelerate UK’s Clean Power 2030 Goals

omc_adminBy omc_adminJuly 1, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


£1.4bn allocated to modernise Scotland’s onshore transmission infrastructure, part of a broader £5.4bn supply chain programme over 10 years.

17 of 19 awarded suppliers are UK-based, fostering green job creation, energy security, and long-term economic growth.

Contracts signed under SP Energy Networks’ Delivery Charter, committing partners to sustainability, safety, and community benefit.

SP Energy Networks, the distribution arm of Iberdrola in the UK, has committed £1.4 billion to deliver critical onshore transmission infrastructure across central and southern Scotland—supporting the UK Government’s Clean Power 2030 mission.

This initiative marks the start of a broader £5.4 billion supplier investment programme over the next decade aimed at transforming the grid to meet rising demand and accelerate the clean energy transition.

“These strategic partnerships give suppliers the confidence to invest in themselves—growing their workforce, opening new offices across the country and creating even greater opportunities for the UK,” said Nicola Connelly, CEO of SP Energy Networks.

Nicola Connelly, CEO of SP Energy Networks

The awarded contracts include:

New and upgraded high-voltage substations

Overhead line construction

End-to-end design, engineering, construction, and electrical works

With 17 of the 19 contracts going to UK-based companies, the initiative ensures a strong domestic supply chain and long-term value creation. The strategic partnerships will run initially for five years, with an option to extend to 10 years—enabling suppliers to invest in workforce training, technology, and innovation.

“This is great news for the UK and Scottish supply chains, with every pound spent directly benefiting central and southern Scotland and its infrastructure for decades to come,” Connelly added. “These contracts are not just about infrastructure—they’re about enabling a cleaner, greener Britain. We’re proud to be leading the charge in helping deliver the UK Government’s Clean Power 2030 ambition.”

Energy Minister Michael Shanks MP attended the announcement event in Glasgow and praised the move as a pivotal step toward modernising the UK’s outdated energy networks.

“These SP Energy Networks partnerships take us a step closer to reaching clean power by 2030, in modernising the country’s outdated network to get more of clean power generated in Scotland to homes and businesses across the country,” said Shanks. “This is the clean power transition in action—investing in British supply chains that will bring skilled jobs and economic growth to communities in Scotland and beyond.”

One major contract went to Morgan Sindall Infrastructure, the sole contractor for both substation and overhead line work on the Denny to Wishaw Network Optimisation (DWNO) project.

RELATED ARTICLE: UK Unveils $10 Billion Clean Energy Development Initiative

“We’re proud to support the UK energy network’s biggest upgrade in a generation,” said Peter Kirk, Managing Director for Energy at Morgan Sindall Infrastructure. “Projects like DWNO will improve resilience and energy security, boost capacity to meet future demand, and connect Scotland to greener, renewable energy. In upgrading the transmission network, we will be able to bring skills and employment to the central belt, and leave a lasting legacy in the local communities.”

Peter Kirk, Managing Director for Energy at Morgan Sindall Infrastructure

A joint office with Morgan Sindall is set to open in Eurocentral this autumn.

This announcement follows ScottishPower’s pledge to double its UK investment to £24 billion by 2028, with two-thirds earmarked for electricity networks—cementing its role in delivering national decarbonisation goals.

Follow ESG News on LinkedIn



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Italy Calls for Suspension of EU Carbon Market as ETS Debate Intensifies Across Europe

February 27, 2026

Air Liquide, Holcim Target 1.1 Million Tons of Annual CO₂ Capture at Belgium Cement Plant

February 27, 2026

Zelestra Advances 27.5 MWdc Klevenow Solar Project in Germany

February 27, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire – Oil & Gas 360

December 16, 20258 Views
Don't Miss

Petro-Victory spuds SJ-12 gas well at São João field, Brazil

By omc_adminMarch 2, 2026

(WO) – Petro-Victory Energy Corp. has commenced drilling operations on the SJ-12 well at its…

WhiteHawk Energy to acquire 500-producing-well Haynesville mineral portfolio

March 2, 2026

Qatar shuts Ras Laffan LNG plant after Iranian drone strike

March 2, 2026

Drone strike forces shutdown of Aramco’s 550,000-bpd Ras Tanura refinery

March 2, 2026
Top Trending

BlackRock, EQT Lead $33 Billion Acquisition of AES

By omc_adminMarch 2, 2026

UK slashes climate aid programmes for developing countries | Climate crisis

By omc_adminMarch 2, 2026

Upright Launches New ESG Due Diligence Solution for Investors

By omc_adminMarch 2, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202515 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

Brazil offshore vessel operators OceanPact, CBO announce merger

March 2, 2026

Petro-Victory spuds SJ-12 gas well at São João field, Brazil

March 2, 2026

Gas Surges as Qatar Shuts World’s Largest LNG Export Plant

March 2, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.