German electricity grids need 110-bln-euro investments by 2050: study


  • World
  • Friday, 30 Oct 2020

BERLIN, Oct. 29 (Xinhua) -- Germany's electricity distribution grids need investments of more than 110 billion euros (128 billion U.S. dollars) by 2050 in order to achieve the country's climate targets, according to a study published by energy company E.ON on Thursday.

If investments were not made "consistently" from now on, Germany's grids would no longer be able to handle the electricity generated from renewable energies, noted the study conducted by RWTH Aachen University and Frontier Economics.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Intel reports revenue increase in first quarter
Microsoft reports Q3 results with net income, revenue increases
Finland's finance ministry downgrades growth forecast for 2024
Multiple people killed in car crash in U.S. Pleasanton
U.S. stocks close lower
Czech Republic records over 10,000 whooping cough cases this year
Roundup: U.S. witnesses bird flu outbreaks in poultry, dairy cows
US and allies aim to help Ukraine bolster defenses after aid gap
5 Tunisian fishermen dead after boat sank off eastern coast
Crude futures settle higher

Others Also Read