UK Fast-Tracks $5-Billion in Grid Infrastructure Investments ...Middle East

OILPRICE - Economy
UK Fast-Tracks $5-Billion in Grid Infrastructure Investments
source : OILPRICE ( Middle East ) () 83
The UK’s energy regulator, Ofgem, on Thursday said a new set of rules are granting early access to nearly $5.18 billion (£4 billion) of investment for crucial transmission equipment and services, which is expected to connect renewable energy projects to the grid quicker. Ofgem’s new Advanced Procurement Mechanism (APM) will unblock supply chains by allowing Britain’s electricity transmission owners (TOs) to buy essential equipment – such as switchgear, cables, and steel – years in advance of when it is needed.…

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