US to upgrade transmission infrastructure
Upgrades will include deploying modern grid technologies such as high-performance conductors and dynamic line ratings that enable existing transmission lines to carry more power.
#investments
Hitachi Energy’s $1.5 B for transformer production
The investments will gradually expand the company’s global transformer capacity by 2027.
SSEN Distribution’s £320 M of contract opportunities
The company wants to deliver a net zero electricity system by 2035, and is making the decisions to ensure its network is fit-for-purpose to enable the transition.
$20 B for clean energy in US communities
The $20 billion will be invested in projects such as home energy retrofitting programs and off-grid renewable energy in communities without access to green financing.
Iberdrola’s €15.5 B investment package
Around €21.5 billion will be invested into its network business, while will be invested €15.5 billion in renewables.
Terna to invest $18 B in grid by 2028
Terna announced plans to help the country integrate renewable energy sources into its economy and make the network digital and more flexible.
TenneT reports on a successful 2023
The company achieved a record high of €7.7 billion in grid investments coping with grid congestion and bottlenecks.
Egypt’s deals to unlock $40 B of investments
The investments are expected to be spread over 10 years.
Iraq’s $80 B for power projects
The investments are necessary due to an economic boom and population increase.
Hydro One’s $46.9 M investment in Ottawa transmission system
Hydro One has completed upgrades to its transmission system in Ottawa, which it says will improve resiliency and reliability in the city.
Copper theft causing additional grief to Kenya’s power utilities
Kenya, Nairobi: Kenya’s Energy Principal Secretary Alex Wachira has condemned the continued vandalism of transformers by copper thieves in the country.
Coveme invests $76.9 M in sustainability
Italy, San Lazzaro di Savena: Italian company Coveme has disclosed that it has made investments of $76.9 M (€70 M) in the last ten years.
Amprion to invest $24 B in accelerated grid expansion
Germany, Dortmund: German transmission system operator Amprion plans to invest around $24 B (€22 B) in the transmission grid over the next five years.
Ecuador and Peru to energise power interconnection in 2026
Ecuador: IDB energy expert José Ramón Gómez estimates the power interconnection between Ecuador and Peru will start operating in December 2026.
ProInversión to award $1.1 B-worth transmission projects in 2023
Peru, Lima: The Private Investment Promotion Agency (ProInversión) has announced it will award 10 power transmission projects worth $1.1 B in 2023.
Brazil power transmission tender attracts nearly $3 B in investments
Brazil, Brasilia: Brazil’s first power transmission auction in 2022 has attracted $2.9 B (15.3 B reals) in investments.