Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
ScottishPower Renewables committed to the GBP 4 billion East Anglia TWO project in November 2024, signing a CfD contract with LCCC and a turbine supply agreement worth more than GBP 1 billion with Siemens Gamesa for 64 SG 14-236 DD offshore wind turbines. ScottishPower CEO Keith Anderson described this as getting projects off the blocks, and Iberdrola simultaneously doubled its UK investment commitment from GBP 12 billion to GBP 24 billion for 2024-2028. No formal FID announcement was made but the signing of binding multi-billion pound supply contracts constitutes de facto final investment decision.