SP Energy Networks invests £5 M to accelerate net zero transition
UK: SP Energy Networks has announced $5.9 M (£5 M) fund for a tailored support programme for unlocking net zero across the electricity transmission network.
Image source: SP Energy Networks
UK: SP Energy Networks has announced $5.9 M (£5 M) fund for a tailored support programme for unlocking net zero across the electricity transmission network.
This will help ensure vulnerable communities, who are facing barriers in taking part in the net zero transition, aren’t left behind on Scotland’s journey to achieving net zero emissions by 2045.
The fund will provide guidance and support to charities and community organisations to improve and decarbonise heating systems, electrify transport, increase energy efficiency, and upskill communities.
Working with Energy Saving Trust, the fund will initially deliver upskilling workshops and training before helping selected projects to develop and fund their net zero plans.
The fund is now open and looking for eligible charities and community organisations to express interest in receiving tailored support to develop their net zero plans and low-carbon project ideas.
“The Net Zero Fund will support vulnerable communities to make proactive change to reduce their impact on the environment. It will focus on areas that are often overlooked but have the potential to unlock net zero and deliver tangible social, environmental and economic benefits,” said Vicky Kelsall, Chief Executive of SP Energy Networks.
“The scale and pace of action required to make decarbonise our energy system as part of our net zero journey is significant, and also presents a fantastic opportunity to unlock cleaner, greener and cheaper energy for communities up and down the country. It is vital that this transformation happens in a way that is just and fair for everyone and leaves no-one behind. It is also important that we all work together to achieve it. This is why I welcome the launch of SP Energy Network’s Net Zero Fund, which will play an important role in providing advice and support to communities to help ensure a cleaner and greener future for everyone,” said Net Zero & Energy Secretary Michael Matheson.
“We’re delighted to be the delivery partners for SP Energy Networks’ innovative Net Zero Fund. This support will provide communities in Central and Southern Scotland with the tools and knowledge they need to realise their net zero ambitions,” said Laura McGadie, Group Head of Energy, Energy Saving Trust.
The new fund has been established through SP Transmission, a subsidiary of SP Energy Networks, responsible for transmitting HV electricity from power stations and windfarms to the low-voltage network across Central and Southern Scotland.
Source: SP Energy Networks