Power
French Power Transmission Operator Proposes US$108 Billion Investment
French transmission system operator Réseau de Transport d'Électricité (RTE) (Paris) has proposed a landmark investment of 100 billion euros (US$108 billion) by 2040 to revamp its network, aligning with France and Europe's energy and climate objectives.
Released Thursday, March 28, 2024
Researched by Industrial Info Resources (Sugar Land, Texas)--French transmission system operator Réseau de Transport d'Électricité (RTE) (Paris) has proposed a landmark investment of 100 billion euros (US$108 billion) by 2040 to revamp its network, aligning with France and Europe's energy and climate objectives. Key focuses include reducing dependence on imported fossil fuels, bolstering carbon-free electricity production, and fortifying energy sovereignty.
The plan prioritizes connecting new electricity producers and consumers, including onshore and offshore renewables, potentially integrating up to 100 gigawatts (GW) of onshore wind and solar and 25 GW of offshore wind by 2040. Another objective involves modernizing the transmission network, particularly at the 400-kilovolt level, to mitigate congestion risks and adapt to evolving energy needs.
Additionally, RTE aims to address climate challenges through infrastructural renewal, with more than 20% of overhead lines nearing 70 years old. This comprehensive strategy emphasizes sustainable investment, strategic equipment procurement and long-term industrial development planning.
RTE's proposals are open for consultation until April 30, 2024, reflecting a concerted effort towards shaping a resilient and future-ready energy landscape in France.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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