Welcome :: About Us
Scottish Power Limited (ScottishPower) is part of the IBERDROLA Group of Spain, one of the world’s largest electricity utilities by market capitalisation. The Group employs more than 33,000 people in 40 countries worldwide, with operations concentrated in the Atlantic region, including the Iberian Peninsula, the UK, the United States and Latin America.
IBERDROLA is the world leader in renewable energy, but in 2007, ScottishPower Renewables became part of IBERDROLA Renovables and while it remains a sister company to Scottish Power Ltd, as we are both part of the IBERDROLA Group, it is a separate legal entity.
ScottishPower has three main business divisions:
Energy Wholesale – operates a diverse generation fleet with a capacity of 6,000 MW, plus gas storage and trades energy commodities and carbon
Energy Networks – owns and operates our electricity transmission and distribution networks in south and central Scotland, Merseyside, Cheshire and North Wales
Energy Retail – supplies customer services to 5.2 million electricity and gas customers across the UK
We also have several joint ventures and subsidiaries. These include SWM Ltd, a wholly owned subsidiary of our Energy Wholesale business that operates a sludge drying facility near Glasgow and ScotAsh Ltd, a 50:50 joint venture with Lafarge Cement UK, which processes power station ash into products for the construction industry.
ScottishPower’s headquarters continues to be located at: 1 Atlantic Quay, Glasgow, G2 8SP.
Our Strategy
IBERDROLA expects to invest €18 billion over the three-year period from 2010-2012. € billion will be invested in renewable energy, €6.3 billion in networks and €2.7 billion in generation and supply.
The United States will receive 39% of total investments, the United Kingdom 25%, Spain 24%, and Latin America and other markets 12%.
IBERDROLA has a strong focus on renewables in the UK and is part of a consortium that has ambitions to build a nuclear power station. These activities are separate from ScottishPower’s operations.
Investment in ScottishPower will include creating a Centre of Excellence for Carbon Capture and Storage at Longannet Power Station, progressing plans for new gas-fired power stations in Scotland and England and investing in the development of ScottishPower’s energy networks to support renewable energy projects and enhance security of supply.
Key Statistics
At the end of December 2009 our key statistics were:
8,670 employees
5,248,804 electricity and gas customers
3.47 million electricity connections
6,139 MW of generation capacity
116,197 of underground cables and overhead lines
Turnover of £6,764 million
Net profit of £604.5 million
Procurement spend of £5,255.5 million
Community investment of £3.57 million
