"This marks a doubling of its commitment to Britain and makes the UK the largest destination for Iberdrola's global investments, which will focus on enhancing the energy infrastructure."
Ignacio Galán described the investment as a 'vote of confidence' in the UK, citing the importance of regulatory stability and clear policy direction as vital factors for such large-scale commitments.
Keith Anderson noted that the UK’s ambitious decarbonisation targets and planned overhaul of the planning system have created a clear pathway for substantial investments in the electricity sector.
The £24bn investment will primarily enhance the electricity grid in Scotland with a new subsea superhighway, while a portion will support the construction of wind farms to serve around one million homes.
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