EU To Spend Trillions On Net Zero Grid Expansion
APRIL 12, 2024
The EU is going to plough on with Net Zero insanity, regardless of the cost:
The EU is looking to front-load massive anticipatory investments into its energy infrastructure, shifting risk from industry to consumers and risking a landscape with unneeded or under-used pylons.
Amid its green transition, Europe needs almost €600 billion in investments into high-voltage power lines, transformers and wires by 2030—an unprecedented need for investments into the grid.
Zsuzsanna Pató, senior advisor at clean-energy think-tank RAP, says the transition “has caused a massive mismatch” between power generation and transport capacity.
She explains that the traditional challenge of connecting power demand to generation is exacerbated by the energy transition, which involves “shifting where power is generated while boosting demand through electrification.”
Energy-rich, windy, and sunny sites are often far away from where older coal or gas plants are located.
https://notalotofpeopleknowthat.wordpress.com/2024/04/12/eu-to-spend-trillions-on-net-zero-grid-expansion/
