ScottishPower’s Generation and Supply earnings soar 410% in Q3

The division’s takings hit £170m, compared to just £33.3m during the same period the year before

Drax in talks to buy ScottishPower’s assets

It includes a portfolio of pumped storage, hydro and gas-fired generation plants

Iberdrola rolls out ‘largest’ EV charging network in Spain

It plans to install 200 chargers by 2019 and 25,000 over the next four years

ScottishPower profits surge 30% in first half of 2018

It said the increased revenue was a result of the UK’s long winter and having raised its energy prices

ScottishPower’s renewable earnings soar 29% in first quarter

The company’s latest financial reports suggest this was due to favourable wind conditions and increased capacity

Iberdrola commits fifth of its energy spend to UK

Spanish utility giant Iberdrola plans to invest €32 billion (£28.3bn) in the energy sector between 2018 and 2022 to build solid foundations for sustainable growth in the future. The firm is still confident in the UK’s heat and electricity industry and plans to spend nearly a fifth of the aforementioned funding on British shores. In […]

ScottishPower posts 28% fall in pre-tax profits

ScottishPower has announced a 28% fall in pre-tax profits in the first quarter of this year. It amounted to £347 million compared to £480 million during the same period last year. Its energy networks business saw a 6% fall in profits this year to £210 million, largely driven by the phasing of investments following the […]

ScottishPower sees a fall in profits this year

ScottishPower saw its earnings before interest and tax fall to £924.9 million in the first three quarters of this year. That’s in comparison to £999.4 million during the same period last year. Demand for both gas and electricity dropped this year – by 2.4% and 1.3% respectively. The Big Six supplier’s production share in the […]

Spanish homes to get smart meters

The European Investment Bank (EIB) is funding €325 million (£227.5m) to improve the electricity grid in Spain. Spanish company Iberdrola will use the cash to reform the electricity network and install more than three million smart meters in homes across 10 regions. They include Madrid, Valencia, Pais Vasco and Navarra. The EIB claims the project will help consumers […]

Iberdrola sells all power from 76MW wind project

Iberdrola Renewables has signed a 25-year contract to supply all of the power from its 76MW wind farm in Colorado. It will sell  the electricity to energy company Tri-State Generation and Transmission Association when the project is completed in 2017. The Twin Buttes II project will consist of 38 wind turbines, located south of Lamar, Colorado, […]