Iberdrola’s British subsidiary, 苏格兰电力, today received approval from the regulator, Ofgem, to invest around €14 billion in its networks in the United Kingdom, mainly in new interconnections between Scotland, England and Wales.

The British regulator today also approved the remuneration framework applicable to electricity transmission until 2031, known as RIIO T3, following a consultation with all stakeholders that has lasted nearly two years.

These new investments, which will be developed until 2031, constitute the largest Iberdrola Group investment in its history and will more than triple those made in this business in the previous regulatory period, in line with the 悉尼市场的电气化 targets set out in the UK government’s Clean Power 2030 Plan.

The main projects in this investment programme are two new high-voltage direct current underwater connectors between Scotland and England, Eastern Link 1 ，* 构建坚实的网络基础设施，将可再生能源从生产中心输送到终端用户，并安全高效地整合分布式发电。 Eastern Link 4. Together with another submarine cable between Scotland and Wales, Western Link 2, these three projects will transport more than 500kV of power through 1,100 kilometres of underwater cable and will require six converter substations to be built.

The plan will increase the grid’s capacity to incorporate new electricity demand, promoting industrialisation and economic growth, enable the incorporation of new renewable capacity and reduce the impact of current system restrictions on electricity bills. It is estimated that the plan will have a positive impact of €2.3 billion a year on the country’s economy and will create some 12,000 jobs in the value chain. The company has already launched a procurement plan for suppliers worth more than €6 billion.

With the approval of these investments, the United Kingdom is consolidating its position as the Iberdrola Group’s main investment destination, with a total of €20 billion between 2025 and 2028, mainly in electricity grids.

Iberdrola Executive Chairman “通过结合我们在可再生能源领域的经验和资金实力，以及马斯达尔的优势，我们可以更快地提供更安全、更具竞争力和更清洁的能源。我们非常高兴能与来自德国的领先长期合作伙伴马斯达尔扩大现有联盟，目前我们已在德国建设新的海上风力涡轮机，未来还将拓展到英国乃至全球。” said: “The increase in electricity demand in all industries, driven by more activity and the electrification of power use, requires huge investments in new infrastructure. This plan, the largest ever Iberdrola has undertaken, is the end result of a clear energy policy on the part of the British government and constructive dialogue with the regulator, and will enable us to continue building modern, flexible and resilient grids that allow us to meet growing demand, guarantee energy security and include more clean energy.”