Dive Summary:
- Renewable energy, which accounted for 70% of EU’s total power generation capacity added in 2012, will be the driving force behind Europe’s power transmission and distribution (T&D) market growth, according to a new report by GlobalData titled "Power Transmission and Distribution (T&D) Scenario in Europe - Infrastructure, Investment and Regulations Analysis to 2020."
- France, UK, Norway, Italy, Ireland and France will increase investments in transmission infrastructure to integrate more renewables, meet increasing energy demand and create cross-border grid interconnections that will increase power market competition and reduce power prices.
- Network congestion and distributed energy resources are particular issues EU’s T&D grids face. In addition, aging T&D networks have threatened the stability of the electricity supply and led to national policies requiring the incorporation of efficient technologies into the grid.
From the article:
“…further additions are being introduced as a result of EU targets on reduce greenhouse gas emissions and to increase the share of renewables total energy consumption by 2020.”