The EU will have to spend about €1trn by 2020 to update, expand and strengthen its ageing electricity grids, the European Commission estimates in a draft version of its forthcoming energy strategy for the next ten years, seen by ENDS.
The strategy, prepared by the energy department, is being scrutinised by other commission departments. It may yet change substantially. In response to a consultation on it earlier this year, MEPs called for "massive" investment in grids.
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