Tag: investment
Australia to invest $5.3 B to connect Snowy 2.0 and NSW
Australia invests $5.3 B to connect New South Wales' renewable energy zones and Snowy 2.0 hydro project to the electrical grid.
Australian governments unite on $5 B transmission investment
The federal and New South Wales governments have combined on a landmark $5.25 B (AU$7.8 B) investment into renewable energy projects.
AfDB financing to expand Ivorian energy sector infrastructure
Financing for the Singrobo-Ahouaty 44 MW hydropower project in Côte d’Ivoire has reached financial close.
Australia to spend $5.2 B on upgrade of renewable power grid
The Australian federal and New South Wales state governments will spend $5.2 B (A$7.8 B) on new electricity transmission to support more renewable power.
Ofgem to accelerate onshore electricity transmission investment
Ofgem has published its decision on accelerated onshore electricity transmission investment.
India announces $30 B plan to upgrade grid for clean power
As it plans to nearly triple its clean-power capacity by 2030, India revealed a $29.6 B plan to develop transmission lines to connect renewable generation.
German manufacturer invests $104 M in a new factory
Ziehl-Abegg, German manufacturer of electric drives and fans, plans to invest $104 M (€100 M) in the construction of a new US production plant.
Bulgaria, Romania to invest $2.4 B in total in power grids
Romania, Bucharest: Romania plans to invest $1.45 B in its transmission grid over the period of the next 10 years.
Romania to invest $1.4 B in power grid upgrades by 2031
Romania plans investments of $1.41 B in the development of its electric power transmission network between 2022 and 2031
Tanzania’s company invests $15 M into distribution transformers
Tanzania, Arusha: Tanelec Limited decides to invest into manufacturing of transformers, switchgear, and metering units in the East and Central Africa region.
Belfast electricity grid could get $43 M upgrade
UK, Northern Ireland, Belfast: The electricity grid in Belfast would be upgraded if a $43.6 M (£39.5 M) plan from the grid operator gets the go-ahead.
HOPS to invest $213 M in transmission grids
Croatia, Zagreb: Croatian transmission system operator (HOPS) announced an investment of $213 M in power grid revitalization and construction by mid-2026.
$350B plus in microgrid, EV & clean energy incentives
Supporters of the $750 B Inflation Reduction Act strongly believe that it will reap huge dividends in the battle against climate risk.
China’s State Grid to construct $22 B UHV projects
China, Beijing: The State Grid Corporation of China has announced it will start constructing a new batch of UHV projects in the second half of 2022.
Xcel wants to spend $500 M on a new power line
USA, Minesota: Xcel Energy has kicked off plans to build a roughly $500 million, 225-km power line in Minnesota.
DEWA launches 11 substations worth $466 M
UAE, Dubai: During the first half of 2022, Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation and ten 132/11 kV substations.
Power projects worth $250 B upcoming in MENA region
UAE, Dubai: Governments in the MENA countries plan to implement $250 B worth of power projects including $93 B worth of committed projects.
Volkswagen and Siemens to invest $450 M in Electrify America
USA: The Volkswagen Group and Siemens support the growth plans of Electrify America, LLC.
Entergy (ETR) to invest $15 B into grid resiliency
USA, New Orleans: Entergy Corporation’s ETR operating company, Entergy New Orleans, has announced a grid hardening and resilience projects.
Apex Group wins Octopus Investments Australia mandate
Australia: Apex Group Ltd., a financial services provider, has been appointed by Octopus Investments Australia for services focused on renewables investment.
Hitachi Energy invests $10 M in transformer manufacturing facility
USA, North Carolina, Raleigh: Hitachi Energy has announced plans to invest over $10 M in its distribution transformer facility in Jefferson City, Missouri.
Dubai to invest $1.9bn on 2035 Smart Grid Strategy
UAE, Dubai: Dubai Electricity & Water Authority (Dewa) is to invest upwards of $1.9 B (AED 7 B) on implementing its updated Smart Grid Strategy for 2021-2035.
Nigeria’s energy sector requires $410 B
Nigeria: The Vice President of Nigeria, Yemi Osinbajo, recently stated that Nigeria needs an additional $410 B to upgrade its power infrastructure.
Terna to invest $11 B into energy transition
Italy: Italy-based transmission system operator Terna has announced a $11 B (€10 B) investment in Italy’s energy transition and decarbonisation.
