Close Menu
reNEWSreNEWS
  • Home
  • Offshore Wind
  • Onshore Wind
  • Solar
  • Other News
    • Energy Storage
    • Finance
    • Grid
    • People
    • reMIX
  • More
    • Company Profiles
    • Events
    • National Wind Energy Awards 2026
Latest News

PODCAST: Is UK offshore wind back on track?

All-Energy 2026: Shanks bullish on UK clean power

GWEC, TÜREB launch wind partnership

LinkedIn Facebook X (Twitter)
LinkedIn Facebook X (Twitter)
  • Email Briefings
  • About
  • Advertise
  • Contact
reNEWSreNEWS
  • Home
  • Offshore Wind

    PODCAST: Is UK offshore wind back on track?

    May 13, 2026

    UK offshore wind pipeline reaches 93GW

    May 13, 2026

    Seaway7 completes Hai Long cable works

    May 13, 2026

    DEME names new jack-up vessel

    May 13, 2026

    Mubadala invests $325m into Hornsea 3

    May 13, 2026
  • Onshore Wind

    ENERCON to build Türkiye blade plant

    May 13, 2026

    ‘Fatality at South Korean wind farm’

    May 13, 2026

    Scottish onshore wind forum launches

    May 12, 2026

    ENOVA starts 30MW Hiddels repowering

    May 12, 2026

    Iberdrola buys 40MW Italian wind farm

    May 12, 2026
  • Solar

    VSB secures Sicily PV project approval

    May 13, 2026

    Matrix connects two Spanish renewable projects

    May 13, 2026

    Qualitas targets €10bn energy investments

    May 12, 2026

    Consultation opens for 49.9MW Barrons Solar

    May 12, 2026

    Great North Road solar nears decision

    May 11, 2026
  • Other News
    • Energy Storage
    • Finance
    • Grid
    • People
    • reMIX
  • More
    • Company Profiles
    • Events
    • National Wind Energy Awards 2026
LinkedIn Facebook X (Twitter)
reNEWSreNEWS
Home » Uncategorized » SPR profits rise by a third
Other News

SPR profits rise by a third

reNEWS EditorialBy reNEWS EditorialFebruary 21, 20191 Min Read
SPR profits rise by a third

ScottishPower Renewables posted a full year profit of almost £458m in 2018, up a third from £343m a year earlier due to increased wind generation.

Wind power production from the Scottish Power unit increased to 4568 gigawatt-hours, some nine percent higher than in 2017.

Advertisement

The company said that rise in output followed the completion of a £650m investment programme to build eight new onshore windfarms in Scotland.

SP Energy Networks, the company’s grid business, notched a five percent increase in profit to £813.4m, while earnings from its supply arm nearly tripled to £271.8m.

“Last year was a pivotal year for ScottishPower as we completed the landmark journey from coal and gas to 100% green power by selling our generation business,” said Scottish Power chief executive Keith Anderson said.

“In renewables we saw the first full year of output following our investment in onshore wind in 2017 and this has seen an increase in electricity generated and excellent progress has been made on delivering the £2.5bn East Anglia 1 project,” he added.

First export of power for EA1 is expected in 2019, with full operation during 2020, the company said.

ScottishPower ScottishPower Renewables
Share. Facebook LinkedIn Bluesky Twitter Reddit Email Copy Link
Previous ArticleWind powers ahead in EU energy mix
Next Article Nordex earnings halve in 2018

Related News

Earnings surge at Nordex

February 25, 2026

SPR appoints new CEO

June 15, 2022

SPR completes construction at 714MW East Anglia 1

July 28, 2020
Advertisement

Latest News

PODCAST: Is UK offshore wind back on track?

May 13, 2026

All-Energy 2026: Shanks bullish on UK clean power

May 13, 2026

GWEC, TÜREB launch wind partnership

May 13, 2026

ENERCON to build Türkiye blade plant

May 13, 2026
Advertisement

Advertisement

Company Profiles
  • Collett & Sons Ltd
  • Leask Marine
  • TGS
  • Pembroke Port
  • Ørsted
  • Navantia Seanergies
    Navantia Seanergies
  • Natural Power
    Natural Power
  • JDR Cable Systems Ltd
  • Full Circle Wind Services
  • EDF
    EDF
reNEWS
LinkedIn Facebook X (Twitter)
reMIX | Company Profiles | Industry Events
Get in touch | Advertising with us | About reNEWS

© 2026 Lewis Business Media. All Rights Reserved.
Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

Terms and Conditions | Privacy Policy | Cookie Policy

Type above and press Enter to search. Press Esc to cancel.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}