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Clean Power transmission projects desertec

Published on October 31st, 2011 | by Zachary Shahan


$12.7 Billion for Transmission in Europe (Boon for Wind & Solar Energy)

October 31st, 2011 by  

transmission projects desertec

The European Commission recently confirmed that €9.1 billion ($12.7 billion) for transmission networks would be included in the EU’s 2014-2020 budget plans. This is part of a €50-billion ($70-billion) infrastructure package. This is a big boon for (and probably largely driven by) offshore and onshore wind power projects across the continent.

Of course, such big numbers aren’t useful to most of us unless put into perspective, right? Well, this is a massive increase from the EU’s current budget for transmission networks, €163 million ($228 million).

It’s not yet clear how the funds will be split. The networks are for electricity, gas, and oil.

“While [the €9.1 billion] is a substantial increase in funding for what has been for a long time under-funded, it remains to be seen how this pot of money will be divided up between electricity, gas, oil and carbon capture and storage (CCS) infrastructure projects,” European Wind Energy Association chief executive Christian Kjaer said.

“The inclusion of CCS — a technology still not commercially viable and one for which the infrastructure needs are unknown — is strange in itself.”

With the EU’s strong commitment to renewable energy growth and it’s ambitious wind and solar energy plans, I imagine a good chunk of this will benefits those clean energy options. And let’s not forget that there is a HUGE renewable energy project, DESERTEC, planned for Northern Africa, the Middle East, and Europe that will require significant transmission infrastructure investments. Thanks to New Energy News for sharing the DESERTEC transmission image at the top of the page.

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About the Author

Zach is tryin' to help society help itself (and other species) with the power of the word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession and Solar Love. Zach is recognized globally as a solar energy, electric car, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in. But he offers no professional investment advice and would rather not be responsible for you losing money, so don't jump to conclusions.

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