Wind is good, no matter what some people might say, and it has the capacity to generate an awful lot of energy if enough investment is pumped into the infrastructure. Scottish power definitely believes that, and has announced that it will be selling off its conventional energy generation business to focus all of its attention on generating power from the wind. It's the first major British energy company to do so.
Scottish Power has already shut down all of its coal power plants over the past decade, so all the non-windy stuff it had left were some gas and hydro-electric power stations. They're being sold off to Drax for £702 million, and includes hydro-electric power schemes in Lanarkshire and Galloway, the Daldowie Fuel Plant (one of the largest sludge drying centres in Europe) and four power stations in England: Damhead Creek in Kent, Rye House in Hertfordshire, Shoreham in West Sussex and Blackburn Mill in Blackburn.
The current portfolio of wind turbines produce enough energy to power 1.2 million homes, and Scottish Power plans to invest a further £5.2 billion to double that capacity over the next four years. Which is good. Clean energy is good, though it still seems a bit to have sold off its stake in hydro-electric power. But you know, at least it's not burning off fossil fuels.
Chief executive Keith Anderson said:
“This is a pivotal shift for Scottish Power as we realise a long term ambition. We are leaving carbon generation behind for a renewable future powered by cheaper green energy.
From today we can focus solely on making energy generation cheaper, cutting carbon quicker, building smart grids and connecting customers to renewable [sources].”