20 SEPTEMBER 2024AlCircle.com
Renewable energy sector faces grid infrastructure bottleneck
Edited by : Rupankar Majumder
4 min read
While global investment in renewable energy continues to surge, a critical bottleneck is hindering progress: insufficient power grid capacity. According to estimates, solar and wind facilities capable of producing electricity equivalent to 480 nuclear reactors remain disconnected from transmission networks in both the U.S. and Europe.
This issue is not isolated to the West. South Korea's government recently denied U.S. asset manager BlackRock's proposal to build an offshore wind farm in Asia, citing a lack of available grid capacity, as reported by local media. The challenge of connecting new renewable projects to the grid is becoming a significant roadblock.
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Tagged with:Renewable energy
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