Investment in transmission grids will need to almost double in the next 20 years if European Union decarbonisation targets are to be met, according to an energy think-tank.
The European Climate Foundation (ECF) estimates that €68bn ($93bn) will need to be spent on Smart Grid work, including offshore wind connections, between 2020 and 2030 to bring online an extra 109 GW of capacity.
In its report Power Perspectives 2030, the ECF states that most additional interconnections will be cross-border, such as between the UK and Ireland, and France and Spain. However it singles out Germany as a country in need of large domestic transmission upgrades.
At the launch of the report in Brusslels today, Johannes Meier, ECF chief executive, said: “What this report finds is that the grid is the glue that will hold together our decarbonised power system. We must be more efficient to deliver this in the most effective way… the grid needs to get smart. Only by setting a clear policy direction to 2030 will it be possible to achieve the decarbonisation goal.”
For more Smart Grid news click here