After selling its remaining conventional energy generation business to power company Drax, Scottish Power will become the first major energy provider in the UK to supply 100% wind energy. The firm plans a further £5.2 billion investment in renewables over the coming four years, doubling its capacity. Scottish Power’s parent company, Spanish utility Iberdola, is targeting 2050 to be carbon neutral.
With Scottish Power’s market share hovering just over 10% of Scotland's electricity supply, their decision to leave non-renewable power generation signals a maturation of both renewable power generation and grid management technologies. If one of the major UK power suppliers is doubling down on investment in renewables and leaving non-renewable generation altogether, what effect might this have on other suppliers and the market as a whole? Could this kind of wholesale commitment by a big player in the electricity market quicken the pace of other large utilities transitioning to renewables?