Europe’s power sector needs huge investment boost

The European power sector will need heavy investment if it is to reach EU energy and climate targets, a study commissioned by the European Parliament has found The European power sector will need heavy investment if it is to reach EU energy and climate targets, a study commissioned by the European Parliament has found.
By Andreas Walstad 28 February 2017 0 24165
Orense wind farm. Significant investment is needed in the European renewable power sector (Iberdrola)

Europe’s power sector needs annual investment of between €95 billion and €145 billion ($101-154 billion) from 2021-2050 to reach its climate goals and ensure security of supply in the longer term, according to a study commissioned by the European Parliament’s Committee on Industry, Research and Energy (ITRE).

The figure includes investments in power generation – mostly renewables – worth €54-80 billion per year compared with current levels of €50-60 billion. Electricity transmission and distribution grids would require €40-62 billion per year compared with €35 billion...

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