National Grid Unveils £30bn Investment for UK Decarbonisation
Massive overhaul to build new pylons, transmission systems, and support renewable energy projects by 2030
- National Grid plans to invest £30bn in new pylons and transmission systems across the UK.
- The initiative aims to support the UK's decarbonisation goals by 2030, though it will increase consumer bills.
- The company will raise £6.8bn through new shares and sell key assets, including the Grain LNG terminal.
- Labour and Conservative parties debate the pace of decarbonisation amid the upcoming general election.
- National Grid also announced a £30bn investment in the US over the next five years.