Europe faces a €250bn shortfall to modernize electricity grids, affecting the delivery of renewable energy to consumers.
Vlad Nahoi
International
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The Boston Consulting Group report highlights the urgent need for investment in Europe's energy infrastructure, estimating a €250 billion shortfall over the next five years. Romania needs €6.8bn for electricity transmission networks and up to €11.5bn for distribution by 2030. Governments, including Romania's, have kept regulated tariffs low, discouraging investment. Against this backdrop, recent blackout incidents in Europe underline the vulnerability of the electricity system and network operators need to adapt to climate challenges and rising energy demand.
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