New pylons to be installed across the UK in National Grid’s £30bn green upgrade

New pylons to be installed across the UK in National Grid’s £30bn green upgradeNational Grid also said it is selling off parts of its businesses to help fund its investment plans is to raise £7bn as part of a plan to double spending on the electricity network over the next five years.

The money will go towards building new pylons and other offshore and onshore transmission systems across the UK as part of itsto accelerate decarbonisation. The investment will ensure that new green energy sources such as offshore windfarms can supply their electricity to British homes and businesses.

“This is an unprecedented time for our industry that is creating significant opportunities for National Grid today, over the next five years and for decades to come,” he said.

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