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Germany’s Amprion says there is resolve to speed power grid expansion
Global Banking & Finance Review®
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FRANKFURT (Reuters) – German power grid firm Amprion on Wednesday set out completion times for planned network expansion projects, saying resolve to cut planning and construction times will ensure the timely transport of more renewable electricity to consumers.
FRANKFURT (Reuters) – German power grid firm Amprion on Wednesday set out completion times for planned network expansion projects, saying resolve to cut planning and construction times will ensure the timely transport of more renewable electricity to consumers.
Amprion, 25%-owned by utility RWE and one of four high-voltage power grids, said milestone projects to bring power from the windy north to the industrial south and west are being sped up by a climate protection agenda and more acceptance by citizens.
“I am optimistic for quick approvals,” said chief executive Hans-Juergen Brick at a web conference.
“A lot is possible when everyone participates in the goal to make the energy transition safe.”
Germany’s government coalition includes a Green Party Economy Minister while war in Ukraine this year has underscored the need for energy independence from Russia, which will be accelerated by the country’s move towards low-carbon energy, Brick added.
Amprion’s key project A-Nord, a 2 gigawatt (GW) cable from the North Sea to the Rhineland will start up in 2027 and two offshore wind connections, BorWin4 and DolWin4 of 2 GW each, will be ready in 2028/29, the company said.
Corridor B, another 4 GW line from the North to the western Ruhr region, will be ready by 2030, transporting enough green power to replace five big coal generation plants.
Amprion wants Germany to slim planning authorities and merge tasks to ensure approvals within two years, and constructions to take a maximum of between two and 4 years, Brick said, instead of a previous total 10 years or more.
Two thirds of Amprion’s currently planned 3,900 new km of lines are within approval processes, the remainder are ready or near completion, in internal planning, or being built.
Amprion operates 12,000 km of grids, which transmit power equivalent to 82% of Germany’s traded wholesale volume.
Of 12 billion euros ($12.63 billion) of investments planned over the next five years, 1.6 billion will be made this year.
($1 = 0.9498 euros)
(This story corrects timelines in para 8 to reflect they are demands not fact and investment sum in para 11)
(Reporting by Vera Eckert, editing by Elaine Hardcastle)
Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed, such as solar, wind, and hydroelectric power.
A power grid is an interconnected network for delivering electricity from producers to consumers, including power plants, transmission lines, and substations.
Climate protection refers to measures and policies aimed at reducing greenhouse gas emissions and mitigating the impacts of climate change.
Energy independence is the ability of a country to meet its energy needs without relying on external sources, often through the use of domestic energy resources.
Investment in infrastructure involves allocating resources to build and maintain essential facilities and systems, such as transportation, energy, and communication networks.
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