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Report Summary Major push for Off-shore Wind Development in Northern & Western Europe is driving the development of power transmission infrastructure
Power Transmission in Europe Outlook Update Q1 2020
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Strong climate action agenda and related development of renewable energies to boost investment in integration of smart grid infrastructure in Europe in 2020
Europe’s energy sector is shifting from a fossil fuel-dominated and supply-centric model to a clean, digitalised and electrified consumer centric system with many distributed resources. These significant changes are driven by a strong climate action agenda and related development of renewable energies. Also, the European Union (EU) has taken a leading role in the energy transition wherein the European Commission has proposed a long-term strategy to achieve climate neutrality by 2050. Hence, to support the green power development in European countries, the development of supporting infrastructure like power transmission grid is quintessential to greater stability and reliability of the power market.
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