Groups including the National Wildlife Federation collaborate with commercial banks for a £1.35 billion investment in UK grid infrastructure.
As of mid-July 2025, there is no official confirmation or concrete details about the UK's National Wealth Fund (NWF) investing in a £1.35 billion clean energy infrastructure upgrade led by ScottishPower.
The NWF, a forthcoming initiative from the UK government aimed at driving low-carbon investment across the country, has not yet made any finalized investments or allocations to ScottishPower or this specific infrastructure upgrade. Despite anticipation expressed in parliamentary debates, no specifics regarding this project have been revealed.
ScottishPower, a major UK energy company and a subsidiary of the Spanish utility giant Iberdrola, is actively engaged in advocating against market reforms that could affect its £24 billion investment pipeline. However, there is no public record linking this £1.35 billion project directly to the NWF or any finalized commitment from the NWF to ScottishPower for infrastructure upgrades.
The UK government is actively working to reform its energy market and grid connection processes to accelerate renewable deployment, reduce costs, and attract private investment. Over £60 billion has been attracted to the sector, but none of these announcements directly link the NWF to ScottishPower or the quoted £1.35 billion figure.
If the investment materializes, it would support seven key transmission projects, connecting more renewable energy from Scotland's wind farms and strengthening the UK's electricity grid. The projects, led by ScottishPower, will use the investment for critical grid upgrades, as part of a £1.35 billion financing package that is being co-financed by a syndicate of commercial banks, with Bank of America serving as the Sole Debt Arranger.
The energy sector recognizes the need for significant investment to modernize the electricity network and meet growing demand for clean power. The National Energy System Operator has estimated that up to £60 billion will be required by 2030. Speeding up grid upgrades is vital to delivering the UK's Clean Power 2030 targets, as stated by the energy secretary, Ed Miliband.
ScottishPower CEO Keith Anderson described the investment as "a welcome step forward" in bringing more renewables onto the system. Chancellor Rachel Reeves has hailed the investment as a key part of the government's "Plan for Change," while NWF chief executive John Flint called grid upgrades "one of the most significant barriers to decarbonizing our economy."
For the most accurate and up-to-date information, monitoring official government press releases and ScottishPower communications is recommended.
The National Wealth Fund (NWF), as strictly stated, has not made any official investments or allocations towards environmental science projects like ScottishPower's £1.35 billion clean energy infrastructure upgrade. Financial discussions between the NWF and ScottishPower, regarding this infrastructure project, have not been disclosed publicly.
