ScottishPower, part of the Iberdrola Group, has signed two deals to acquire 17 solar photovoltaic (PV) projects in the UK, with a combined capacity of more than 800MW. 
The projects, across England, Scotland and Wales, are in advanced stages of development and will be operational by 2025 with a total investment of approximately £500m (around €600m). This portfolio of solar sites will add enough clean energy to power over 220,000 homes.
ScottishPower’s market share rises from 2% to 9%. The deals confirm the company’s commitment to growing the renewables market across the UK. They will also contribute towards reaching net zero greenhouse gas emissions in Scotland in 2045 and in the United Kingdom by 2050.
As of September 2021, Iberdrola has almost 3GW of installed PV worldwide, an increase of 89% compared to 2019. Of this capacity, 2,028MW are in Spain, 642MW in Mexico, 191MW in the US, 4MW in the UK and 31MW in other countries. It also has 31GW of solar projects under development in Spain, US, Mexico, UK, Portugal and Italy. The company's investment plan for 2020-2025 sets to double its current PV capacity to 6GW by the end of 2022, and to have 14GW installed by 2025.
For more information visit ScottishPower’s website.