German grid needs $324.5 B by 2050
A forecast study on behalf of German bank KfW determined that investments of roughly €300 billion ($324.5 billion) will be needed for the country’s grid infrastructure by 2050.
A forecast study on behalf of German bank KfW determined that investments of roughly €300 billion ($324.5 billion) will be needed for the country’s grid infrastructure by 2050.
This is the fourth such loan that has been signed.
President Biden’s administration announced $3.5 billion in grants for projects to protect the U.S. power grid and to connect transmission systems with more electricity from renewables.
Eskom receives USTDA grant to increase transmission grid’s capacity for renewables and to reduce power cuts.
Germany, Dortmund: German transmission system operator Amprion plans to invest around $24 B (€22 B) in the transmission grid over the next five years.
US: Indiana Michigan Power plans a near-$12 M project to upgrade the electric transmission grid serving customers in eastern Muncie.
50Hertz has connected the offshore wind farms Wikinger and Arkona off the island of Rügen in the German Baltic Sea to its transmission grid.
Germany’s four transmission grid operators have published their proposal for the 2030 electricity grid, including 1,600 kilometres of new power lines and updating another 2,900 km. The cost of this proposal is estimated to be $ 59 billion.
Vietnam: Vietnam will need around $148 billion to invest in developing the national electricity grid and resources in the period between 2016 and 2030.
USA, Ohio: American Electric Power (AEP) and seven other energy companies are planning to launch a limited liability company to provide critical equipment including power transformers to transmission-owning entities in the U.S. to improve responses to major events affecting the electric transmission grid.
Switzerland, Zurich: Brazilian renewables company Casa dos Ventos has awarded a contract worth around $30 million to ABB to provide substations and related power infrastructure enabling the efficient integration of power from two new wind complexes (comprising 13 wind farms) into the country’s transmission grid.
Lithuania, Klaipeda: After a three-year reconstruction, the new equipment and advanced control systems have been installed in Klaipeda transformer substation which is now ready to be connected with NordBalt power interconnection.
Germany, Frankfurt am Main: KfW Development Bank has granted two loans for $ 105.58 million (EUR 85.2 million) to the Armenian High Voltage Electricity Network (HVEN) for a major transmission grid upgrade.
USA, Arizona: Salt River Project (SRP) is building a data centre which will plug directly into its high-voltage transmission grid.
Switzerland, Zurich: ABB has signed contracts with The Electricity Generating Authority of Thailand (EGAT) for the supply of a high voltage power transformer and improvement of the transmission grid in the East.