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Galan: 'Grid investment must match renewables spend'

Richard Heap
October 13, 2023

Investment in transmission must match spending on renewables if a global transition to low-carbon energy is to succeed, Iberdrola chairman Ignacio Galan has said.

Galan told a Bloomberg New Energy Finance event in London this week that "for every euro invested in renewables, one euro must be invested in electricity grids"; and added that investments in grids should be multiplied by three or four times to be able to integrate new renewables and boost the resilience of grids.

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