Iberdrola, through its UK business SP Energy Networks, has signed a deal with SSE Utility Solutions, to divest non-core, non-regulated assets in South Wales. The sale relates to a small privately managed electricity network in Newport, which connects to two industrial clients and includes one grid supply point. The sale has received the required government approval. The private connection is not part of SP Energy Networks’ licensed distribution networks, which are located in Merseyside and North Wales, as well as central and Southern Scotland.
Iberdrola, through its UK business SP Energy Networks, has signed a deal with SSE Utility Solutions, to divest non-core, non-regulated assets in South Wales. The sale relates to a small privately managed electricity network in Newport, which connects to two industrial clients and includes one grid supply point. The sale has received the required government approval. The private connection is not part of SP Energy Networks’ licensed distribution networks, which are located in Merseyside and North Wales, as well as central and Southern Scotland.
