#investment

USA: The Volkswagen Group and Siemens support the growth plans of Electrify America, LLC.

USA, New Orleans: Entergy Corporation’s ETR operating company, Entergy New Orleans, has announced a grid hardening and resilience projects.

Australia: Apex Group Ltd., a financial services provider, has been appointed by Octopus Investments Australia for services focused on renewables investment.

USA, North Carolina, Raleigh: Hitachi Energy has announced plans to invest over $10 M in its distribution transformer facility in Jefferson City, Missouri.

UAE, Dubai: Dubai Electricity & Water Authority (Dewa) is to invest upwards of $1.9 B (AED 7 B) on implementing its updated Smart Grid Strategy for 2021-2035.

Nigeria: The Vice President of Nigeria, Yemi Osinbajo, recently stated that Nigeria needs an additional $410 B to upgrade its power infrastructure.

Italy: Italy-based transmission system operator Terna has announced a $11 B (€10 B) investment in Italy’s energy transition and decarbonisation.

USA, Massachusetts: Iberdrola will invest more than $10 B in the development of three offshore wind complexes.

Romania, Bucharest: Delgaz Grid has disclosed that it will invest 28.5 M lei ($6.5 M) into an upgrade of three power transformer stations.

Kenya: The Emerging Africa Infrastructure Fund (EAIF) will lend $35 M to the Kesses solar generation plant in Kenya.

Ghana, Accra: It will cost over $1 B to upgrade the country’s aged power transmission infrastructure – a part of which account for a majority of power outages.

India: The board of directors of Power Grid Corporation of India Ltd (PGCIL) has approved two investment proposals.

EU, Brussels: EU countries have agreed on a Commission proposal to invest $1.16 B (€1.037 B) in 5 cross-border infrastructure projects.

USA, Michigan: DTE Energy has announced its plans for a $7 B, five-year investment in southeast Michigan’s electric grid.

Nigeria: The Federal Executive Council (FEC) has approved $160 M (N65.39 B) billion in foreign and local denominations to execute power projects in the country.

Germany, Berlin: Siemens Energy is investing over €60 million in a new production facility in Berlin.

Africa: The African Development Bank’s (AfDB) Sustainable Energy Fund for Africa (SEFA) will receive a cash injection of $134.5 M from the German government.

Scottish and Southern Electricity Networks’ (SSEN’s) multimillion-pound project is to boost the resilience of Surrey’s power supply.

Kenya, Nairobi: Kenya’s electricity distribution utility, Kenya Power, has added another substation to its growing network.

The New York State Public Service Commission has approved a request by Consolidated Edison Company of New York to recover the costs of three transmission projects.

The Ministry of Energy has signed an investment agreement for the construction of a new thermal power plant in the Surkhandarya Region.

UK, London: Ofgem has confirmed a major investment program into Britain’s energy infrastructure.

Dubai’s electricity sector will require total investment of $23 B (AED86 B) over the next five years for new projects and infrastructure upgrades.

Despite a significant decline in deal volume and overall value associated with the pandemic, investment in renewables remains strong.