Cheaper borrowing can help prevent another Spain-style blackout

Cheaper borrowing can help prevent another Spain-style blackout

The NewsClean energy companies in Europe and the UK are about to get a much-needed boost in the form of cheaper borrowing, as central bank officials push interest rate cuts as an antidote to US President Donald Trump’s tariff campaign.The European Central Bank is expected to cut interest rates by a quarter point in June, and likely again in September, while a similar cut by the Bank of England is expected as early as Thursday. Cheaper financing …

Europe's ageing electricity network and lack of energy storage capacity will need three million dollars to address green energy production growth, increasing electricity requirements and preventing massive current disruptions, Reuters writes.

Spain is at the top of the EU in generating electricity from renewable energy, but its position does not correspond to the one it occupies in terms of the capacity to store that which comes out of photovoltaic or wind plants, which is not consumed at the moment and which would have been electricity available in the system to counter events such as last week’s blackout. Last year, renewable generation marked its best historical data because it wa…

According to Reuters news agency, the European Union needs to invest trillions of dollars in its electricity grid to avoid major blackouts and cope with growing demand and growth in green energy production.

The EU's power grid needs a trillion-dollar upgrade to avoid Spanish-style power outages, says Euroelectric, an industry association for energy in Europe. Poland is no different. The Polish Power Grids want to allocate PLN 64 billion for investments by 2034.

European networks are aging, modernization will require trillions of euros