ScottishPower's renewable energy division is to be hived off and incorporated into a beefed-up subsidiary of the utility's new owner, Iberdrola, under funding plans revealed by the Spanish company yesterday.
Bilbao-based Iberdrola said it intended to restructure its renewables business, incorporating all its renewable energy-related units in Europe into its Iberenova subsidiary.
Of course, it is now more difficult to criticise Iberdrola, as they are the First Minister's chums, having hosted his first official engagement. But who will now speak up for Scotland?
2 comments:
We will know Scotland has grown up when people like yourself lose the protectionist instinct and suspicion of big business.
Or are you just trying to stir?
I could dress it up by suggesting that our new government may have some difficulties in adjusting to life in power where grabbing the easy press release is not always the answer. I could be suggesting that the First Minister should be more careful about allowing the civil service to select his visits programme.
But, basically, I'm just trying to stir.
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