Keith Anderson has been appointed Chief Corporate Officer of IBERDROLA in the UK, a post he will combine with that of CEO of ScottishPower Renewables. Anderson will continue to develop the group's strategy in the country and seek to take advantage of any business opportunities that arise.

According to Anderson, there is “a fantastic opportunity to develop IBERDROLA’s business in the UK, where the energy industry is at a critical juncture.”

In this regard, the new CCO for the UK emphasised that “it will be essential to achieve suitable regulatory frameworks that permit us to carry out the investment required to build a more reliable and environment-friendly sector.”

The chairman of IBERDROLA, Ignacio Galán, said: “We are delighted with this appointment because Keith Anderson has done an outstanding job at ScottishPower Renewables and his experience will be invaluable as we seek to further consolidate our presence in the UK.   

According to Galán, the UK “requires major investment to overhaul its energy sector and to meet the government’s ambitious targets.” The chairman reaffirmed that the group has earmarked GBP 15 billion for investment in a range of projects in the country through to 2020 and that it is working with the various key agents to achieve the stable regulatory framework required to carry out this investment.

Keith Anderson, who joined ScottishPower in 1999 and has been CEO of ScottishPower Renewables since 2004, also heads the offshore wind division, which is headquartered in Glasgow.

Since the integration of ScottishPower in April 2007, IBERDROLA has invested GBP 3.5 billion in the UK, with Scotland accounting for 75% of this sum. The group’s investment in this country between 2010 and 2012 is expected to exceed GBP 3 billion and will be used to strengthen and roll out power grid infrastructure and to increase onshore and offshore wind capacity.