UK Approves $26.6 Billion Power Grid Investment To Expand Renewable Capacity ...Middle East

Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make the local grids more resilient and host growing shares of renewable electricity. The distribution network operators had asked for $30.2 billion (£25.2 billion) in funding for the five-year period between 2023 and 2028, but the UK’s energy regulator Ofgem announced on Wednesday the five-year investment package for the electricity distribution network companies, which is 11.8%…

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