ScottishPower’s £5.4 B of contract opportunities
ScottishPower has unveiled £5.4 billion worth of contract opportunities as it turbo charges its next phase of electricity network investment.
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UK, Scotland: ScottishPower has unveiled £5.4 billion worth of contract opportunities as it turbo charges its next phase of electricity network investment.
The boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in green energy infrastructure. With electricity demand forecast to double in the next 10 years, the International Energy Agency says the UK needs more than 600,000 km of new or upgraded electricity lines to meet its needs. ScottishPower now has billions of pounds in contracts on offer for the supply chain to support its electricity network ambitions and a net zero future.
ScottishPower’s grid business, SP Energy Networks, is encouraging companies with the skills and experience to bid for contracts to design, develop and upgrade new and existing strategic transmission infrastructure, which includes new high voltage substations, overhead line construction as well as design, engineering, construction, and electrical works. The contracts will cover the next 10 years and includes transmission projects across central and southern Scotland. This will help move more green energy across the country to help deliver a low carbon future, connecting 80-85 GW of clean renewable energy to the transmission system and reduce the UK’s reliance on fossil fuels. The UK Government announced plans in November to halve the time it takes to build high voltage power lines and cut the time it takes to connect to the grid.
Source: ScottishPower