CelloMom On CarsMar 21, 2024

European Power Giant Bets on U.S. Despite Possible Trump Presidency

"#Iberdrola said it would invest $44.7 billion (41 billion euros) and hire 10,000 people by 2026 to accelerate electrification in its key markets.

$23.4 billion (21.5 billion euro) will be for expansion and strengthening of the networks in the U.S., the UK, Brazil, and Spain.

$17 billion (15.5 billion euros) – to go to offshore wind in the U.S., the UK, France, and Germany."

#GridExpansion
https://oilprice.com/Latest-Energy-News/World-News/European-Power-Giant-Bets-on-US-Despite-Possible-Trump-Presidency.html

European Power Giant Bets on U.S. Despite Possible Trump Presidency

Spanish utility giant Iberdrola plans to invest heavily in the United States despite a possible repeal of the IRA if Trump regains the presidency.

OilPrice.com
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"#NationalGrid said on Wednesday it would invest more than $4 billion to improve #NewYork's infrastructure to meet growing demand for more reliable and cleaner energy.

It would be the company's largest investment in the state's electricity transmission system, most of which was built more than a century ago."

#GridExpansion #UpstateUpgrade
https://www.reuters.com/business/energy/britains-national-grid-invest-4-bln-new-york-infrastructure-2024-03-20/

Mar 21, 2024 at 6:46pmWeb