Latest News

Dutch Gasunie plans to invest 13 billion dollars in the power grid by 2030

Gasunie, the Dutch natural gas grid operator, said on Monday that it will invest approximately 12 billion euros (13 billion dollars) by 2030 to accelerate the energy transformation and prevent major industries from leaving the Netherlands.

Gasunie announced that two-thirds of their investment will be in infrastructure for sustainable gasses, such as hydrogen and biomethane. They also said they would continue to work on projects for carbon capture and storage.

It said that the share of green projects in total investments increased last year from 20% to 45%.

Gasunie stated that the company was taking "major steps" towards a future where green electricity and sustainable gas will reinforce each other.

The Dutch industry has complained of high energy costs, and limited options to improve production processes.

Solar and wind energy have caused congestion in the electricity grid of the country, while plans to produce sustainable hydrogen have been stalled.

Willemien Terpstra, CEO of Gasunie, called on the industry and government to work together so that companies could move away from fossil-fuels without losing competitive advantage.

Terpstra stated that the Netherlands are at a tipping point, where we will see if we become more sustainable without industry or with it.

Gasunie is doing everything possible to maintain key industries in The Netherlands. $1 = 0.9227 Euros (reporting and editing by Bart Meijer)

(source: Reuters)