The company has sold off its conventional power stations to Drax
Scottish Power has announced that it will generate all of its electricity from wind power instead of coal and gas in the future, becoming the first major UK energy company to make such a shift.
The move, announced on Tuesday morning, came as a consequence of the firm selling the rest of its conventional energy generation business to Drax for £702m.
“This is a pivotal shift for Scottish Power as we realise a long term ambition” Keith Anderson, chief executive
Scottish Power has closed all of its coal plants over the past decade, so the sale of its remaining gas and hydro stations means it now generates 100 per cent of its electricity from wind power.
The sale involved four power stations in England, including Damhead Creek in Kent, Rye House in Hertfordshire, Shoreham in West Sussex and Blackburn Mill in Blackburn.
Also included were two Scottish hydro-electric power schemes in Lanarkshire and Galloway and the Daldowie Fuel Plant, one of the largest sludge drying centres in Europe. Scottish Power said it currently produced enough wind power to feed 1.2m homes and planned to invest £5.2bn over four years to more than double its renewables capacity.
Read more: iNews