#investment

Spain, Barcelona: Spanish utility Endesa invested $442 M (€418 M) into electrification, digital grids and e-mobility.

Sweden, Stockholm: EU energy ministers discussed renewable energy plans in a two-day meeting held on 27 January in Stockholm.

Ziehl-Abegg, a German manufacturer of electric drives and fans is investing in a new production plant in the USA.

After inaugurating 17 new substations in 2022, DEWA has announced efficiency improvements in power processes.

Australia invests $5.3 B to connect New South Wales’ renewable energy zones and Snowy 2.0 hydro project to the electrical grid.

The federal and New South Wales governments have combined on a landmark $5.25 B (AU$7.8 B) investment into renewable energy projects.

Financing for the Singrobo-Ahouaty 44 MW hydropower project in Côte d’Ivoire has reached financial close.

The Australian federal and New South Wales state governments will spend $5.2 B (A$7.8 B) on new electricity transmission to support more renewable power.

Ofgem has published its decision on accelerated onshore electricity transmission investment.

As it plans to nearly triple its clean-power capacity by 2030, India revealed a $29.6 B plan to develop transmission lines to connect renewable generation.

Ziehl-Abegg, German manufacturer of electric drives and fans, plans to invest $104 M (€100 M) in the construction of a new US production plant.

Romania, Bucharest: Romania plans to invest $1.45 B in its transmission grid over the period of the next 10 years.

Romania plans investments of $1.41 B in the development of its electric power transmission network between 2022 and 2031

Tanzania, Arusha: Tanelec Limited decides to invest into manufacturing of transformers, switchgear, and metering units in the East and Central Africa region.

UK, Northern Ireland, Belfast: The electricity grid in Belfast would be upgraded if a $43.6 M (£39.5 M) plan from the grid operator gets the go-ahead.

Croatia, Zagreb: Croatian transmission system operator (HOPS) announced an investment of $213 M in power grid revitalization and construction by mid-2026.

Supporters of the $750 B Inflation Reduction Act strongly believe that it will reap huge dividends in the battle against climate risk.

China, Beijing: The State Grid Corporation of China has announced it will start constructing a new batch of UHV projects in the second half of 2022.

USA, Minesota: Xcel Energy has kicked off plans to build a roughly $500 million, 225-km power line in Minnesota.

UAE, Dubai: During the first half of 2022, Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation and ten 132/11 kV substations.

UAE, Dubai: Governments in the MENA countries plan to implement $250 B worth of power projects including $93 B worth of committed projects.

USA: The Volkswagen Group and Siemens support the growth plans of Electrify America, LLC.

USA, New Orleans: Entergy Corporation’s ETR operating company, Entergy New Orleans, has announced a grid hardening and resilience projects.

Australia: Apex Group Ltd., a financial services provider, has been appointed by Octopus Investments Australia for services focused on renewables investment.

USA, North Carolina, Raleigh: Hitachi Energy has announced plans to invest over $10 M in its distribution transformer facility in Jefferson City, Missouri.

UAE, Dubai: Dubai Electricity & Water Authority (Dewa) is to invest upwards of $1.9 B (AED 7 B) on implementing its updated Smart Grid Strategy for 2021-2035.

Nigeria: The Vice President of Nigeria, Yemi Osinbajo, recently stated that Nigeria needs an additional $410 B to upgrade its power infrastructure.

Italy: Italy-based transmission system operator Terna has announced a $11 B (€10 B) investment in Italy’s energy transition and decarbonisation.