SCOTTISH Power have opened a new Edinburgh office with a record £10 billion investment in Scotland as it embarks on a major electricity grid rewiring.
Last week the energy firm’s parent company, Iberdrola, unveiled a €58bn strategic plan and named the UK as its number one destination for investment.
With the Global Investment Summit kicking off in Edinburgh this week, the company has confirmed its economic boost will add 300 more recruits in the final three months of 2025 alone and create another 2000 jobs through 2027, with 80% of those in Scotland.
First Minister John Swinney joined Scottish Power CEO Keith Anderson to open the Edinburgh office for its SP Energy Networks business. It will house its electricity transmission teams including those building major subsea links off the east and west coasts of Scotland.
Swinney said: “ScottishPower’s investment in Scotland will drive economic growth and support thousands of high-quality, sustainable jobs – many of them based at their fantastic new Edinburgh Park base.
“As the Global Investment Summit gets underway in Edinburgh, ScottishPower are setting a shining example of how the transition to green energy can create real financial opportunity – helping benefit businesses and Scotland’s economy.”
Anderson added: “Engineering was practically born in Scotland, is a major Scottish success story and we’re proud to be at the helm building the next tranche of critical infrastructure to power economic growth.
“The grid is the energy backbone and with demand rapidly increasing we need to reinforce and build more of it. Our investment commitments are about more than just infrastructure, we’re creating high-quality, long-term jobs both in our company and right across the supply chain.
“Alongside our Glasgow HQ, and depots up and down the country, our new Edinburgh office gives us an additional base as we recruit faster than we’ve ever done before to support our ambitious growth plans.”
Nicola Connelly, SP Energy Networks CEO, said: “This is a pivotal moment for the grid as we embark on the biggest build out in almost a century. From subsea cables to overhead lines and underground wires, we are upgrading and investing in Scottish infrastructure to support growth.
“That also means growth in our people and supply chain which is great news for the economic future of our country.”
Some parts of Scotland’s electricity grid are almost 100 years old and earlier this year, engineers felled the oldest transmission line in the country as it continues its multi-billion-pound upgrades to deliver more grid capacity.
