Report Summary Major push for Off-shore Wind Development in Northern & Western Europe is driving the development of power transmission infrastructure
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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 2021
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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