Globally annual investment in grids needs to at least double from $260bn to $600bn by 2030. Great to see this announcement from National Grid getting on with it. Green Grids Initiative #NoTransitionWithoutTransmission #NoTimeToWait #NetZero
Today is a defining moment for National Grid as we announce a significant step up in energy infrastructure investment that cements our position as a leader in the energy transition on both sides of the Atlantic. Over the next five years, we will be investing around £60bn in networks – nearly double our investment in the last five years. This will deliver long-term value and returns for our shareholders, unlock economic growth, and, by the end of the decade, National Grid will support 60,000 more jobs in the UK and northeast US. To finance this unprecedented scale of investment and growth, we’ve announced a comprehensive financing plan including a £7 billion fully underwritten rights issue. This is a huge growth opportunity for National Grid that will bring significant benefits for the whole country. https://lnkd.in/eJG5Z3Ya