MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Needs To Double Grid Investment: Eurelectric

POWER
Homepagemarkets-real-timeBulletCEEMEA

Europe needs to double the annual investments in electricity grids to €67bn over the next 25 years due to rising demand and the risks to miss decarbonisation targets, according to Eurelectric’s new Grids for Speed study released on Wednesday.

  • A lack of investments could hinder 74% of prospective connections in key decarbonation technologies such as renewables, heat pumps of EVs.
  • “For a successful energy transition, the EU needs massive amounts of additional grid capacity,” says Eurelectric’s president and Eon CEO Leonhard Birnbaum. “Whilst this will require a significant ramp up, the cost of not investing is even higher.”
98 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Europe needs to double the annual investments in electricity grids to €67bn over the next 25 years due to rising demand and the risks to miss decarbonisation targets, according to Eurelectric’s new Grids for Speed study released on Wednesday.

  • A lack of investments could hinder 74% of prospective connections in key decarbonation technologies such as renewables, heat pumps of EVs.
  • “For a successful energy transition, the EU needs massive amounts of additional grid capacity,” says Eurelectric’s president and Eon CEO Leonhard Birnbaum. “Whilst this will require a significant ramp up, the cost of not investing is even higher.”