20 billion euros on the Teutonic assets of Dutch group TenneT. Sorting out a rickety power grid is an especially pressing issue in Germany, but luckily Scholz also has the means to act.
Cutting carbon emissions means powering more cars and homes through zero-carbon electricity rather than fossil fuels. But the underlying infrastructure needs major upgrades to handle the extra demand. The International Energy Agency that investment in electricity grids needs to average nearly $600 billion a year to 2030 – double the level it stood at from 2015 to 2021.problems
that may become more common as the energy transition proceeds. It has to transport electricity all the way from wind turbines in the northern regions to its southern industrial heartland, which means the power network is often overloaded.
. But whether they’re public or private, grids are heavily regulated. Households end up paying for investment costs either way, either through taxes or bills, which means the ownership can be a red herring.