Dunnella Ltd’s Post

Iberdrola has more than doubled its planned investments in the UK, ahead of the upcoming International Investment Summit in London on 14 October. Through its ScottishPower subsidiary, the Spanish energy company has already invested £30bn in the UK over the past 15 years, benefiting from the country's stable policies and regulatory framework. Following its acquisition of Electricity North West (ENW), the UK has now become Iberdrola's largest investment destination through 2026. With Britain's growing power demand and its energy policies focused on achieving net zero, Iberdrola has revealed a new plan to invest up to £24bn between 2024 and 2028—double its previous target of £12bn for the same period.   Two-thirds of this investment will go toward upgrading transmission and distribution networks, including the construction of a new subsea superhighway, Eastern Green Link 1, connecting Torness in Scotland to Hawthorn Pit in England. The investment is driven by the necessary upgrades outlined in the RIIO-T3 framework, expected to be approved in 2025. Click the link below for the full story and follow us for daily mandates & news. #energy #renewableenergy #renewables

Green energy firms are promising more than £24bn of new investment into the UK's energy sector! Over the next four years, this investment will focus on developing offshore wind farms, modernising power grids, and enhancing renewable energy infrastructure to help meet the UK's Net Zero 2030 goals. Challenges may arise, such as ensuring long-term policies, supply chain issues, how much of this investment is realised, and the UK grid handling increased capacity. It will be exciting to see how these are overcome. It's also exciting to see the potential for thousands of new green jobs in engineering, construction, development, and tech innovation! #ukenergy #renewableenergy #greenjobs #renewablejobs #energyrecruitment

Very timely and encouraging to see momentum building to deliver investments in Ireland's ports and harness offshore renewable energy. Today the Scottish Government announced a Green Industrial Strategy, with a nod to Ireland's economic success, that will provide a pipeline of projects and explore public-private partnership models to deliver investments including enabling infrastructure for offshore wind. https://lnkd.in/eeaX8GCV The Crown Estate for England, Wales, and Northern Ireland has also announced plans today to deliver offshore wind in the Celtic Sea with public-private partnerships to support port infrastructure, as part of the new Great British Energy partnership, with plans for Northern Ireland to follow. https://lnkd.in/e6VYzhM3 With a nod to the UK's success and leadership in developing offshore renewable energy, public and private investments in Ireland's ports are required immediately.

💰 The owner of Scottish Power - Spanish energy giant Iberdrola - have just announced plans to double its investment in the UK over the next four years from £12bn to £24bn. 💰 Keith Anderson, chief executive of Scottish Power, has said that most of the cash will be used to expand the UK's electricity grid in order to connect more homes and businesses. He said the main thing the company had asked for the government to do was to speed up the planning process in order to complete projects faster. Other funds will go to renewable energy projects including £4bn for the delivery of the 960MW East Anglia 2 wind farm off the east coast of England. This is a huge a vote of confidence in the recent changes to the UK’s (renewable) energy policies and is a big boost on the path towards green energy security and net zero in the UK. #offshorewind #iberdrola #ukgovernment #ukenergy #ukrenewables #oxborecruitment https://lnkd.in/eMs_3M8A

The Clean Energy Finance Corporation (CEFC) has committed up to $1.92 billion for the construction of a clean energy “superhighway” in the government-owned organisation’s largest single investment since inception. The superhighway, which comprises a range of major energy infrastructure projects in the sector, is aimed at conne... https://lnkd.in/gMEXYEwC

The energy transition isn't just about sustainability; it’s a powerful economic driver. The UK has secured £24 billion in private investments from companies like Iberdrola, Ørsted, Floatation Energy, Macquarie Group and SeAH Wind Ltd, positioning itself as a leader in green energy. These investments will fuel economic growth and create thousands of skilled jobs across the UK, enhancing energy security and driving industrial development. #EnergyTransition #RenewableEnergy #EconomicGrowth #GreenJobs #NetZero #Investment #UKEconomy #CleanEnergy https://lnkd.in/epExFdny

Today ISIF, part of Irelands National Treasury Management Agency committed €125m to a new Foresight Group fund to invest in renewable energy, battery storage and grid infrastructure. 70% of this for greenfield projects. ISIF now have €776m committed to climate related projects since 2021. This should further accelerate the rollout of renewable energy in Ireland and comes the week after the National Biomethene Strategy was published. https://lnkd.in/eFFizV_f

Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.      Our Green Volt, together with Flotation Energy, will provide a vital stepping stone to wide scale deployment of floating offshore wind in Britain, contributing to the UK Government goal to develop five gigawatts by 2030. Up to 40 direct jobs are to be based at the Granite City HQ, which is expected to trigger around £2.5bn of investment and 2,800 jobs in construction. The announcement follows the UK Government’s decision to headquarter Great British Energy in Aberdeen. “Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.” says Prime Minister Keir Starmer. “I look forward to taking part in the governments International Investment Summit on Monday to discuss the opportunities in energy transition.” says Stephen Bull OBE, CEO Vårgrønn.  #Offshorewind #floatingwind #greenvolt

multibillion-pound investment in Britain over the next five years, in one of the first of several deals expected to be announced as international business leaders arrive in London next week. Iberdrola, the Spanish energy group, will spend £24bn on upgrading the high-voltage cables needed to transport power around the country and on building more wind farms, making Britain its largest destination for investment in the world

Bennett Jones Partner Ashley White expects 2025 to be a year where momentum meets opportunity in Canadian sustainable energy M&A. 2024 saw a significant amount of interest in renewables investment as a result of the high demand for energy transition assets. While fossil fuels remain important to meet energy demand and security, the commitment to the energy transition continues to be a focus for companies across sectors. She expects this will be a key driver in 2025 for infrastructure investment activity in Canada. This includes renewables focused projects, together with digital transformation and infrastructure, including data centres. She also expects to see investors looking for partnerships to navigate financial and regulatory complexities in energy transition projects. Bennett Jones’ look at Canada’s M&A Landscape in 2025 is now available: https://ow.ly/zi5Y50UI5cX