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ScottishPower renewables division to be transferred

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.

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.