Power Transmission in Europe - Outlook Update Q1 2020

Subh0922 Feb, 2024News

Explore the investment opportunities in smart grid infrastructure integration in Europe in 2020. Learn about the impact of climate action and renewable energy development. Stay updated with Eninrac Reports. 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.