#investment

While some of the money may come from the Just Transition plan that wealthy nations have pledged to back with funding, private funding is also being considered.

This includes the first five awards totalling $139 million under the Powering Affordable Clean Energy (PACE) program and $2.2 billion in funding to 39 projects.

The funds will be used for overhead power lines, on- and offshore cables, substations and other technologies.

The country wants to increase production and output.

Distribution system operators of DTEK Grids plan to invest UAH 4 billion ($103.7 million) in the power grids in Odesa, Dnipropetrovsk, Kyiv regions and Kyiv in 2024.

Premier David Eby says the province will be supporting a major expansion of BC Hydro’s electricity infrastructure.

SP Energy Networks is investing around £24m in its electricity transmission network across its service area in Scotland to prepare for increased uptake of electric vehicles (EVs) and heat pumps.

In the first half of 2023, Swissgrid continued to invest in the maintenance and modernization of the grid infrastructure.

SSEN Transmission is investing over $12.24 billion to upgrade its network infrastructure across the north of Scotland between 2023 and 2030.

TenneT has awarded a framework contract worth €1.9 billion for the construction and modernisation of substations.

UAE has announced massive investments into clean energy in Africa.

TVA approved $15 B in investments over the next three years to build additional generation and upgrade the existing system.

Angolan Ministry of Energy and Water has issued bid invitations for the Huambo-Lubango Backbone Transmission Investment Project.

Adani Electricity Mumbai is investing over 240.7 M USD to build two new transmissions lines in Mumbai.

Nigeria needs at least 20,000 MW of electricity to drive its industrial, economic and social activities, says the country’s leading power generating company.

Cambodia, Phnom Penh: Cambodia has announced that its power transmission network requires renovation, which will cost the country nearly $1.8 B.

USA, Connecticut, Waterbury: In an effort to provide reliable power to customers, Eversource is investing $12 M in electricity system upgrades in Waterbury.

Croatia, Zagreb: Croatian electrical equipment manufacturer KONČAR Group has published its business results for Q1 2023.

Zimbabwe, Harare: Old Mutual Investment Group Zimbabwe (OMIZ) is to invest $21 M into Centragrid Private Limited to support the generation of 25 MW solar power.

UK, London: National Grid has just launched the largest overhaul of the grid in generations, enabling the use of renewable energy to power the country….

Poland, Lodz: Hitachi Energy has announced a new transformer insulation fluid treatment process that will become faster after its new investment in Lodz, Poland.

Sweden, Stockholm: The Swedish power utility Vattenfall has announced plans to expand four hydropower plants in Sweden, adding a capacity of up to 720 MW.

Germany, Künselau: German industrial company Ziehl-Abegg has published its 2022 figures, announcing its record sales of $958.7 M (€873 M).

Croatia, Zagreb: KONČAR Distribution and Special Transformers Inc. has announced an investment into a resilient and sustainable energy transition.

UK, East Hampshire: Scottish and Southern Electricity Networks (SSEN) is to invest $13.2 M (£10.6 M) for an upgrade of its power supply network.

Brazil, Brasilia: The Brazilian government is projecting total investments of $9.5 B (50 B reais) in the construction of transmission lines.

Germany, Bochum: Thyssenkrupp Steel has announced that it has commenced the construction of an electric strip annealing and insulating line.

Italy, Rome: Terna, the Italian transmission system operator, plans an investment of over $22 B in the next 10 years to accelerate the energy transition.