Europe urgently needs grid expansion
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energy sectorEuronews
•Business
Business & Economics
Europe has 500GW of renewable energy capacity but why isn’t it connected?
75% Informative
Europe urgently needs to ramp up investment in its power grids to meet soaring energy demands and achieve climate goals, Hitachi Energy CEO Andreas Schierenbeck has warned.
Over 500 gigawatts ( GW ) of renewable energy capacity in Europe is ready to connect but remains idle because the grid infrastructure is not in place.
This bottleneck threatens Europe ’s ability to transition to cleaner energy sources and meet the Paris Agreement targets by 2030 .
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