#investment

The investments will be carried out through a 50-50 partnership across 25 GW worth of new-build power generation and energy infrastructure.

Electrica shareholders have approved a €253 million investment in the Crucea Est wind farm in Constanța.

GE Vernova Inc. aims to invest nearly $600 million in factories and facilities in the USA over the next two years to meet electricity demand around the world.

Hitachi Energy will invest €30 million to relocate and expand its dry-type transformer facility in Zaragoza, Spain.

Romania’s national transmission company Transelectrica will implement a development plan for the transmission network worth RON 9.49 billion ($1.95 billion).

Iberdrola has presented its il.lumina project, in which it will invest €100 million for the redesign of the distribution network affected by Storm Dana on October 29th.

Hitachi Energy is investing in a renewable energy generation plant next to its factory in Figeholm, Sweden, thus marking a step toward becoming carbon neutral.

Hitachi Energy is investing over 1.1 billion CZK (approximately $47 million) to expand its high-voltage products factory in Brno, Czech Republic.

DTE Energy will construct three new substations as part of its strategy to reduce power outage frequency by 30% and outage time by half by 2029.

Vattenfall plans to invest €5 billion ($5.34 billion) in climate-friendly energy products in Germany in the coming years.

The EBRD will invest up to €100 million ($110.4 million) in equity into Green Genius to support the renewables developer and power producer’s growth plans.

WEG will invest approximately R$670 million ($122.7 million) in its transformer and electric motor businesses.

Hitachi Energy has announced an investment of over $200 million to significantly enhance its operations in Brazil.

Hitachi Energy has announced an investment of over €80 million ($87 million) to expand its transformer operations in Spain.

The investments will help the company to meet customers’ commitments and market demand.

While some of the money may come from the Just Transition plan that wealthy nations have pledged to back with funding, private funding is also being considered.

This includes the first five awards totalling $139 million under the Powering Affordable Clean Energy (PACE) program and $2.2 billion in funding to 39 projects.

The funds will be used for overhead power lines, on- and offshore cables, substations and other technologies.

The country wants to increase production and output.

Distribution system operators of DTEK Grids plan to invest UAH 4 billion ($103.7 million) in the power grids in Odesa, Dnipropetrovsk, Kyiv regions and Kyiv in 2024.

Premier David Eby says the province will be supporting a major expansion of BC Hydro’s electricity infrastructure.

SP Energy Networks is investing around £24m in its electricity transmission network across its service area in Scotland to prepare for increased uptake of electric vehicles (EVs) and heat pumps.

In the first half of 2023, Swissgrid continued to invest in the maintenance and modernization of the grid infrastructure.

SSEN Transmission is investing over $12.24 billion to upgrade its network infrastructure across the north of Scotland between 2023 and 2030.