ScottishPower is set to become a UK leader in the development of solar power with a pledge to invest around £500million in renewable projects.
The utility giant, which is part of the Iberdrola Group, has signed two deals to acquire 17 photovoltaic projects, where light is converted to electricity using semiconducting material.
The London-based projects are said to be at an advanced stage of development, with a combined capacity of 800MW, generating enough clean energy to power around 220,000 homes by 2025.
Twelve are fromElgin Energy, which was founded in 2009 following research into the German solar market, which accounted for an estimated 8.2 percent of the country’s gross-electricity generation in 2019.
A further five are from Lightsource BP, the largest solar developer in Europe.
ScottishPower say the deals will propel it to the forefront of the UK’s…