Europe's Grid Spending Is Up 155% Since 2019
AI Summary
European countries plan to continue increasing investment in electricity grid infrastructure through 2030 after annual spending rose by an average of 155% since 2019. ACER reported that 22 of the 24 countries reviewed increased grid investment last year, with Germany and Greece among the strongest growth cases.
Most European countries expect higher investments in their grid infrastructure through 2030 after more than doubling annual investments since 2019, the European Union Agency for the Cooperation of Energy Regulators (ACER) said in a report on Friday. A total of 22 out of 24 countries reviewed in the report raised annual investments in grids last year compared to 2019, with a 155% increase on average, ACER said in its Monitoring Report, Energy infrastructure development in Europe 2026. The highest growth in grid investments was seen in Germany, Greece,…