Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Scottish Power to increase funding for investment programme

A ScottishPower bill
A ScottishPower bill

An energy giant has said it is increasing its daily investment to £4 million as it opened its new UK headquarters.

ScottishPower said the amount it invests each day has risen from £3.3 million between 2013 and 2015 to up to £4 million a day in the 2016-2020 period.

The investment programme led by teams in its new Glasgow HQ, which was opened on Tuesday by Scottish First Minister Nicola Sturgeon, will total about £8 billion until 2020.

ScottishPower chairman Ignacio Galan said: “Glasgow has a long and successful history in innovation and industry, and our new headquarters will ensure that the city continues to be a centre of engineering excellence and invention.

“For the first time, we have our expert teams under one roof with a shared purpose to harness low carbon power and deliver digital transformation.

“Along with our skilled workforce, our new HQ will also be an exciting hub delivering our planned £8 billion investment in new projects across the UK and beyond. Together we will provide the systems that power the future.”

The energy company says it spends £100 million annually to make the electricity network in Scotland, Merseyside and North Wales more intelligent, with the installation of smart technology.

The company’s new building in St Vincent Street, Glasgow, has brought together 1,650 employees previously spread across a number of separate sites in Scotland, enabling better collaboration on future technologies.

The HQ will also act as a “global base” for offshore wind where experts will work on major projects in the UK, US, Germany and France.

Ms Sturgeon said: “ScottishPower’s new UK headquarters demonstrates this global company’s commitment to Scotland.

“It’s a fitting new home for a company that has been a huge asset for Glasgow, and the wider country, for many years.

“This building houses more than 1,600 employees and ScottishPower has committed to spending £4 million every day to support innovation and the transition to clean energy.

“This level of ambition is an exemplar to our world-leading energy sector.

“I wish ScottishPower every success in the future as they help us realise our long-term plan for Scotland’s energy future, which includes a proposal to meet half of our energy needs from renewables by 2030.”

Recommended for you

More from Energy Voice

Latest Posts