The world's 16 largest power grids need to invest $700 billion over the next 10 years to cope with a rising share of renewable energy in mature economies and with soaring demand in emerging nations, French power grid RTE said.
The 16 grids, which transport 70 percent of the world's electricity demand, expect global demand to jump 50 percent by 2022, when renewable energy will equal the capacity of 250 medium-sized nuclear reactors.
"In North America and in Europe, the need for investment is a necessity to connect dozens of thousands of megawatts of solar and wind power," Dominique Maillard, head of RTE, said in an interview on the sidelines of a meeting of the GO 15 lobby, which unites grid operators from the United States, South Africa, China, France and other countries.
The 16 grids, which transport 70 percent of the world's electricity demand, expect global demand to jump 50 percent by 2022, when renewable energy will equal the capacity of 250 medium-sized nuclear reactors.
"In North America and in Europe, the need for investment is a necessity to connect dozens of thousands of megawatts of solar and wind power," Dominique Maillard, head of RTE, said in an interview on the sidelines of a meeting of the GO 15 lobby, which unites grid operators from the United States, South Africa, China, France and other countries.
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