Amber Grid's €3.3 Billion Investment Strategy for Renewable Energy Development
Key Ideas
- Amber Grid plans €3.3 billion investments till 2035 with a focus on renewable energy infrastructure like green hydrogen corridors.
- Funding will be sourced from EU and international funds to upgrade transmission networks and enhance resilience.
- The strategy aims to optimize the company's debt and equity structure for sustainable financing of projects.
The Board of Amber Grid, a Lithuanian gas transmission system operator under EPSO-G, has approved a strategic investment plan amounting to €3.3 billion over the next decade until 2035. The primary focus of this substantial investment will be on developing new infrastructure to advance renewable energy solutions. A significant portion of the funds will be allocated towards initiatives like creating a green hydrogen corridor and building a carbon dioxide (CO2) transportation ecosystem. Additionally, the plan includes modernizing the existing gas transmission network to enhance its resilience and efficiency. The financing for these projects will be a blend of various funding sources, with a major share expected to come from EU and international funds. The company intends to optimize its capital structure by balancing debt and equity to ensure the sustainable financing of these crucial developments.