German grid company Amprion plans to invest about €22 billion over five years in its power grid to make it suitable for the transition to renewable electricity.
Germany plans to make the entire energy sector environmentally friendly by 2035, Reuters reports.
The material explained that in order to achieve the country's climate goals, electricity network operators must expand their infrastructure. After all, it is necessary to reach the objects of green energy and connect the industrial south with the northern wind energy. In addition, it will be necessary to connect new electrolysis plants for the production of green hydrogen.
It is noted that the operators' expenses are mainly covered by the network usage fee, which accounts for about a quarter of the electricity bills, and also due to external financing.
Earlier, EcoPolitic wrote, that CEO of Polish power grid operator PSE Tomasz Sikorski said the country needs invest approximately $116.11 billion in transmission and distribution networks, to prepare them for "green" energy.
As EcoPolitic previously reported, the International Energy Agency (IEA) claims that global investments in the power grid should reach $820 billion per year until 2030 to get on track to limit global warming to 1.5°C.
