Iberdrola announces Scottish renewable energy investment

14 Sep 2010
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Iberdrola announces Scottish renewable energy investment

Scottish renewable energy has received a major boost with the news that Iberdrola is to spend £3 billion on investments in the country.

Alex Salmond, the nation's first minister, has been in talks with the firm's chairman Ignacio Galan for several weeks in a bid to secure the money.

"Scotland is hugely significant within Iberdola's plans for the future and the commitment the company has shown to our country is immensely important," Mr Salmond said.

Mr Galan added that Iberdrola has significant plans for renewable energy developments in Scotland and plans to be a driving force in the industry over the coming years.

Iberdrola has already had a presence in Scotland for the last four years and when it chose to base the UK arm of its engineering and construction business in Lanarkshire, it created 150 jobs.

Mr Galan revealed that much of the money will go towards carbon capture technology, wind farms and smart grids. 

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