Wednesday , May 19 2021

The network operator Amprion increased its planned investment to billions

An increase of 9 billion euros is planned – By 2030, about 24 billion euros will have to go to the restructuring of the energy system

According to media reports, the German transmission network operator Amprion wants to increase its planned investment by 9 billion euros. The company intends to invest about 24 billion euros in restructuring its energy systems over the next ten years, “Handelsblatt” reported on Sunday with reference to Amprion boss Hans-Jürgen Brick. So far, around 15 billion euros have been allocated for 2029. The supervisory board has approved a long-term financial plan, the paper said.

“The energy transition is accelerating – and for that we have to invest in the grid,” said Brick: “The removal of coal has significantly increased demand. The energy system is being fundamentally rebuilt.”

Together with 50Hertz, TransnetBW and Tennet, Amprion is one of four transmission system operators in Germany. The company with nearly 2,000 employees was able to increase its sales by four percent to 14.4 billion euros in 2019 and a surplus of more than 8 percent to 220 million euros. RWE still holds 25.1 percent of the company – the former RWE Transportnetz GmbH.

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