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Iberdrola chairman Ignacio Galán met Scotland’s First Minister John Swinney on 8 October to discuss network investment, according to ScottishPower. Iberdrola said it had committed €20 billion over eight years to Scotland’s electricity transmission and distribution networks.
The company said the Scottish allocation represented 60% of its planned UK investment. It said the programme is intended to expand grid capacity for electricity demand, renewable generation and electrification.
This is an issuer-announced investment plan, not a record of spending already completed. The release does not provide a year-by-year spending schedule or itemized project totals.
The stated investment geography is Scotland’s network system. Company statements on aims and future capacity remain plans; realized network additions will depend on project delivery and reporting over time. No project-by-project allocation was included in the announcement.