The global supply chain engaged in electrical interconnection is already making the necessary investment for the creation of the first legs of a pan-European electricity transmission network, or Supergrid. This is the key finding of a new Report from the Friends of the Supergrid.
The Report also finds that:
· Companies & organisations across supply chain are putting in place investment in anticipation of future network build.
- “Smart Resource Project Planning” should be adopted to reduce risk and cost of deployment.
- The development and creation of the Supergrid will offer significant education, training and employment opportunities.
- The sector is still looking for a new or adapted regulatory framework to further support development.
The Report presents a comprehensive analysis of the state of the cabling, cable laying and HVDC markets.
Welcoming its findings, Ana Aguado, CEO of the Friends of the Supergrid said:
“This Report is the second in a series of work that the Friends of the Supergrid will publish this year looking at the state of the market for deployment of pan-European transmission.
Our first Report on the technological challenges for Supergrid found that most of the technology necessary to develop a large scale meshed electricity network in Europe is already available.
This Report finds, similarly, that supply chain preparation is in place to bring online additional capacity to deliver the network. What is needed is a clear regulatory signal to enable this investment.”
To access to the full report, please click here