Europe facing €1trn bill to upgrade electricity grids

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.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.