TenneT to invest 28 billion euros over next ten years in power grid to cope with renewables feed-in
Dutch-German transmission system operator TenneT will invest 28 billion euros in new power grid infrastructure over the next ten years because of energy transition targets in Germany and the Netherlands which will lead to an increase in renewable power, the company said in a press release. TenneT will significantly expand the cross-border electricity connections (interconnectors) between the Netherlands, Germany and other countries, “adding flexibility to the electricity system”, the company announced. “We need to develop a more flexible system with sufficient capacity for the storage of electricity in hydrogen form and in batteries. […] The balancing role of conventional power plants will be partially taken over by consumers with electric vehicles, solar panels or home batteries,” said TenneT CEO Mel Kroon.
Find the press release in English here.
For background, read the CLEW dossier The energy transition and Germany’s power grid.