#investments

Morocco aims to invest almost 27 billion Moroccan dirhams ($2.7 billion) in the expansion of its electricity network.

TotalEnergies will stop making new financial contributions tied to its investments in the Adani Group until the accusations against the Group’s executives have been clarified.

The European Bank for Reconstruction and Development (EBRD) has invested almost €12.5 billion ($13 billion) in Egypt in the form of loans and project finance.

Iberdrola’s investments reached €12.3 billion ($13.2 billion), mainly in networks and renewables in the US and the UK, in the third quarter in 2024.

With the growth of the transformer market in the past years, the available volume of waste transformer oil will be insufficient to be the feedstock for a high share of circular products.

The company plans to invest around $250 million in its operations in India over the next five years, contingent on continuing current underlying trends.

Tata Power plans to invest $14.32 billion into new projects in the state of Rajasthan, including the deployment of 10 GW of renewable energy capacity.

WEG has announced an investment plan of approximately R$543 million ($99.8 million) to increase transformer production capacity in Brazil.

Hitachi Energy has announced plans to invest $155 million to expand its manufacturing capacity in North America.

The Nordic Investment Bank (NIB) and Å Energi AS have signed a 10 year loan to enhance and strengthen the distribution networks in Southern Norway.

In the first six months of fiscal year 2024, TenneT increased its investments, spending €4.6 billion on growth.

ScottishPower has delivered a £1 billion boost for the energy supply chain and over £1.1 billion in investments in the first six months of 2024.

Total energy investment is expected to exceed $3 trillion for the first time.

The funds will “unlock economic growth and enable the increasingly digital, electrified and decarbonised economies of the future” and support 55000 more jobs.

Upgrades will include deploying modern grid technologies such as high-performance conductors and dynamic line ratings that enable existing transmission lines to carry more power.

The investments will gradually expand the company’s global transformer capacity by 2027.

The company wants to deliver a net zero electricity system by 2035, and is making the decisions to ensure its network is fit-for-purpose to enable the transition.

The $20 billion will be invested in projects such as home energy retrofitting programs and off-grid renewable energy in communities without access to green financing.

Around €21.5 billion will be invested into its network business, while will be invested €15.5 billion in renewables.

Terna announced plans to help the country integrate renewable energy sources into its economy and make the network digital and more flexible.

The company achieved a record high of €7.7 billion in grid investments coping with grid congestion and bottlenecks.

The investments are expected to be spread over 10 years.

The investments are necessary due to an economic boom and population increase.

Hydro One has completed upgrades to its transmission system in Ottawa, which it says will improve resiliency and reliability in the city.