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Germany needs $325 billion of power grid investments by 2050, KfW says
Global Banking & Finance Review®
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FRANKFURT (Reuters) – Germany needs investments of around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW said on Tuesday.
“The necessary expansion of renewable energies makes suitable and flexible transmission and distribution networks necessary and requires high investment,” KfW said at a capital markets conference at its headquarters in Frankfurt.
“The means for that cannot come from public funds alone but must for the larger part be mobilised via private investors or the capital market,” it added.
($1 = 0.9238 euros)
(Reporting by Vera Eckert and Christoph Steitz, Editing by Friederike Heine)
Decarbonisation refers to the process of reducing carbon dioxide emissions associated with energy production and consumption, often through the adoption of renewable energy sources.
Infrastructure financing involves funding for large-scale projects such as transportation, utilities, and energy systems, typically requiring significant capital investment.
Renewable energies are energy sources that are replenished naturally, such as solar, wind, hydro, and geothermal energy, which are essential for sustainable development.
Private investment refers to capital provided by private individuals or organizations, rather than public funding, aimed at generating returns through various financial ventures.
Financial markets are platforms where buyers and sellers engage in trading financial assets such as stocks, bonds, currencies, and derivatives.
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