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SSEN Transmission plans £22bn investment for 2026-2031

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SSEN Transmission, a subsidiary of SSE, plans to invest at least £22 billion ($28 billion) in grid infrastructure between April 2026 and March 2031.   The proposed investment aligns with the Revenue = Incentives + Innovation + Outputs (RIIO) framework established by energy regulator Ofgem.  SSEN Transmission has submitted its business plan, emphasizing the need for an investable framework with appropriate financial returns to support the unprecedented scale of decarbonization efforts. The company has also outlined…

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Iberdrola invests in RTS for insulation innovation, advances UK subsea cable project

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Iberdrola, through its Perseo start-up programme, has invested in Revestimientos Técnicos Sostenibles (RTS), an Andalusian company specializing in thermal insulation and anti-corrosion coatings.  The collaboration focuses on advanced materials such as cork, hollow ceramic microspheres, and aerogel for use in offshore wind structures and building renovations.  Iberdrola aims to incorporate these materials into the construction and maintenance of its offshore wind farms, enhancing energy efficiency and sustainability. RTS, based in Utrera, Seville, Spain, joins Iberdrola’s…

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Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects

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Ofgem has launched a consultation on a proposed Advanced Procurement Mechanism (APM) that aims to invest between £5 billion and £8 billion to help Britain’s energy transmission owners reduce delays, control costs, and attract global investment in the transition to net zero. The consultation runs until December 18, 2024. The APM will allow transmission owners to procure essential equipment such as switchgear, cables, and steel years in advance, often before project finalization. This approach aims…

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ScottishPower signs £1bn deal with Siemens Gamesa for East Anglia 2 offshore wind farm

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ScottishPower Renewables has entered a £1 billion ($1.2 billion) agreement with Siemens Gamesa to supply 64 SG 14-236 DD turbines, each rated at 15MW, for the East Anglia 2 (EA2) offshore wind farm off England’s east coast. With a capacity close to 1GW, EA2 will generate enough energy to power nearly one million homes, supporting the UK’s mission to lead in clean energy. The turbines feature 236m rotor diameters, with 115m blades manufactured at Siemens…