# Germany needs $325 billion of power grid investments by 2050, KfW says
Published: 2024-07-09
Category: Headlines
Category URL: https://companiesdigest.com/category/headlines/
Meta Title: Germany needs $325 billion for power grid investments by 2050
Meta Description: KfW states that Germany requires $325 billion in investments by 2050 to upgrade power grids for decarbonisation. Private investors urged for financing.
URL: https://companiesdigest.com/germany-needs-325-billion-of-power-grid-investments-by-2050-kfw-says/

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### Germany needs $325 billion of power grid investments by 2050, KfW says

FRANKFURT (Reuters) – Germany needs investments of around 300 billion euros ($325 billion) by the middle of the century to equip its power grids for decarbonisation, state bank KfW said on Tuesday.

“The necessary expansion of renewable energies makes suitable and flexible transmission and distribution networks necessary and requires high investment,” KfW said at a capital markets conference at its headquarters in Frankfurt.

“The means for that cannot come from public funds alone but must for the larger part be mobilised via private investors or the capital market,” it added.

($1 = 0.9238 euros)

(Reporting by Vera Eckert and Christoph Steitz, Editing by Friederike Heine)


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