Ignacio Galán and Alex Salmond first visited the site of the Iberdrola Tower, the company’s future headquarters, where the company’s Chairman highlighted his intention to “reinforce his strong commitment to Scotland". Indeed, he revealed that two-thirds of the investment earmarked for the UK will be for Scotland, primarily to develop wind farms, smart grids and carbon capture in the event that ScottishPower wins the government competition.

He also indicated that this “significant volume of investment” will involve purchases of €5.4 billion during the period, which represents a golden opportunity for Basque suppliers – highly specialised in the electricity sector – and their Scottish counterparts.

“In this way,” Galán explained, “IBERDROLA will continue to act as a driving force behind development in Scotland and the Basque Country, two regions that are very important to our company and where we have significant plans for the future”.

Galán reiterated that the company commenced operations in Scotland four years ago “in order to become an integral part of its economic and social development”. “Today, we can say that this union between Scots and Basques is achieving unbeatable results because we have very similar sentiments and share a strong entrepreneurial spirit that makes our partnership increasingly stronger and fruitful,” he added.

In his opinion, proof of this is that both IBERDROLA and ScottishPower “are much stronger now than three years ago. The merger and the investments made – ₤2.7 billion – have enabled the company to establish itself as wind power leader, have involved major projects in the area of operating and environmental efficiency, and have improved service quality for customers in the UK by 10%”.

Tags: Iberdrola Renovables