Enedis invests 5 billion euros in the modernization of the electricity network
Enedis aims to modernize the French electricity network in order to meet the new uses of electricity. To achieve this, the company plans to invest more than 5 billion euros annually by 2032.
| Sectors | Power Grids, Distribution |
|---|---|
| Themes | Investments & Transactions, Project Development, Financing |
| Companies | Enedis |
| Countries | France |
Enedis is investing in the modernization of the electricity network. The company has published its preliminary report on the Network Development Plan and plans to invest more than €5 billion annually by 2032, and intends to respond to changes in the use of electricity, particularly theelectrification of uses and the development of renewable energy.
The three types of investment in the electrical network
The Network Development Plan is based on three types of investments. First, the connection to the grid to meet customer demands for power. Secondly, the reinforcement of the network to adapt it to the progressive evolution of the existing loads. Finally, the renewal of the network by implementing modernization programs defined in a national investment strategy.
Enedis’ ambitions for the modernization of the electricity network
Enedis wants to modernize the electricity network in France to make it more resilient to climatic hazards. To this end, Enedis is investing in the automation of network installations to offer greater agility to customers, and is implementing targeted renewal policies. To finance these investments, Enedis plans to use green financing such as “green bonds”.
The Enedis Network Development Plan is part of a logic of decarbonization of the country and will also contribute to the economic development of territories. Enedis thus announces five convictions, namely that the public electricity distribution network has a major collective value, that Enedis develops and operates the network within a framework of dialogue and consultation at both national and local levels, that investment methods must be stable over time, but adapt to a pace that accelerates with the ecological transition.
In short, Enedis is investing in the modernization of the electricity network to meet the evolving needs of new uses of electricity in France. The Enedis Network Development Plan is based on three types of investment and provides for more than 5 billion euros of annual investment by 2032. Enedis also wishes to contribute to the decarbonization of the country and the economic development of the territories by using green financing such as “green bonds”.
