Scotland

European economy 15th November 2021

Iberdrola, via its UK arm Scottish Power, will join a consortium to analyse opportunities for exporting green hyrdrogen from Scotland to Germany

BancaMarch |The Spanish power company, via its UK affiliate Scottish Power, is to sign up to a consortium with other groups to analyse future opportunities to export green hydrogen from Scotland to Germany. The project is called Scot2Ger and has been commissioned by Scotland’s business association Scottish Enterprise. It also has the backing of the Scottish government and other public bodies. Scottish Power will specifically take charge of creating a…

European economy 22nd October 2021

Iberdrola To Invest £6 billion In An Offshore Wind Farm In The UK

Iberdrola will invest £6 billion (7.1 billion euros) in the UK through its subsidiary Scottish Power to develop the East Anglia Hub offshore wind farm complex. Iberdrola’s chairman made the announcement at the Global Investment Summit organised by Boris Johnson to boost foreign investment. The British PM thanked “for the investment and commitment to the country. You are always welcome”. The East Anglia Hub will be one of the largest…

European economy 5th July 2021

ScottishPower To Invest £3.2 Billion In The UK Over 5 Years

ScottishPower Energy Networks, Iberdrola’s distribution subsidiary in the UK, unveiled its 2023-2028 network investment plan. The company will invest £3.2 billion – around €3.7 billion – over five years, with the aim of driving the UK’s energy and digital transformation as it transitions to an electrified, carbon-free economy. Frank Mitchell, CEO of ScottishPower Energy Networks, said: “We provide an essential public service: maintaining the electricity supply for 6 million people…

Ibex, Markets 17th May 2019

Corbyn’s Labour Party Threatens To Nationalise Iberdrola’s UK Network

Labour leader Jeremy Corbin is considering the nationalisation of the UK’s energy transportation and distribution lines, offering Treasury bonds as compensation to their owners, but at below market valuation. If this new energy policy was put into effect it would have a significant impact on Iberdrola.

Ibex, Markets 17th October 2017

Santander And Sabadell Will Bid For RBS’ SME Business In The UK

Royal Bank of Scotland (RBS) will go ahead with the disposal of a substantial part of its SME banking business in the UK. The operation will be a complicated one and the British subsidiaries of Santander and Sabadell will participate in the bid process.

Spanish economy 1st September 2017

The International Press Doesn’t Believe Catalonia Will Leave Spain

After a brief look through the main international newspapers and publications, if there is one thing that’s clear it’s that the dominant view is there will be no referendum in Catalonia. And if it does take place, it will have zero effect. In other words, it won’t bring the region independence.

In Europe 31st July 2017

Scotland And Catalonia: The Quest For Independence

Are Scotland and Catalonia willing to do what it takes to achieve independence? In 2007, the Scottish National Party launched a proposal of holding a referendum over Scotland’s independence. In 2009, some activists detached from mainstream Catalan parties launched the same proposal in Catalonia and actually held unofficial referenda that drove more than a million people to the polls voting overwhelmingly for independence.

In Europe 29th March 2017

Will Scotland Trigger Section 30 For Its Independence Referendum?

D-Day for the United Kingdom has arrived. Theresa May will trigger Article 50, starting the divorce from the European Union. Against this backdrop, the PM is facing the threat of a second separation on the domestic front, namely from Scotland, which is not resigned to leaving the EU.

Ibex, Markets 15th September 2016

Iberdrola’s Subsidiary In The UK Expects To Win Contracts Worth €3.5 Bn

Iberdrola’s subsidiary in the UK, Scottish Power, expects to win contracts worth a record 3 billion pounds (3.530 billion euros) in 2016, thanks to an increased interest in investing in renewables, smart meters and electricity networks.

In Europe 5th April 2016

Brexit: The Cynical And Dangerous Taste For Referendums

Time is moving on. After the more than satisfactory agreement reached by Prime Minister David Cameron after renegotiating the UK’s relationship with the European Union, the countdown to the June 23rd referendum has begun. And as happened with the Scottish referendum, the British government is ready to bring out all the big guns.

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