Friday , July 1 2022

The network operator Amprion is increasing planned investments by billions


Planned increase of EUR 9 billion – By 2030, around EUR 24 billion should flow into the restructuring of the energy system

According to a media report, the German transmission system operator Amprion wants to increase its planned investments by EUR 9 billion. The company intends to invest approximately EUR 24 billion in the restructuring of the energy system over the next ten years, Handelsblatt reported on Sunday with reference to Amprion’s manager Hans-Jürgen Brick. So far, about 15 billion euros had been earmarked for 2029. The supervisory board has already approved the long-term financial plan, the newspaper wrote.

“The energy transition is accelerating – and for that we have to invest in the grids,” says Brick: “Coal generation has increased demand significantly. The energy system is being fundamentally rebuilt.”

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

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