Ofgem to Provide Funds to Upgrade Scottish Grid

30 January 2011 (Last Updated January 30th, 2011 18:30)

Ofgem has granted Scotland funds worth £95m ($150m) to upgrade its high-voltage power lines. The upgradation will help Scotland connect renewable energy generators and export power from low-carbon sources, according to Bloomberg. The National Grid's electricity transmission u

Ofgem has granted Scotland funds worth £95m ($150m) to upgrade its high-voltage power lines.

The upgradation will help Scotland connect renewable energy generators and export power from low-carbon sources, according to Bloomberg.

The National Grid's electricity transmission unit and Scottish Power Transmission will together spend over £80m ($126m) on projects between networks in England and Scotland.

Scottish Hydro Electric Transmission will spend £11.5m ($18m) to upgrade its network and connect projects in the country's north.

By utilising one third of the country's offshore wind, wave and tidal resource, Scotland's installed offshore renewable capacity would increase to 68GW by 2050.

Ofgem plans to invest more funds over the next two years, which will bring the total additional investment approved for the UK's grid to £400m ($633m).