An important group leaded by energy companies and large financial institutions, as Iberdrola or Deutsche Bank, has recently issued a report highlighting the need to boost investment to develop cross-border energy infrastructure within the European framework. It is estimated that the modernization of the infrastructure such as power grids and gas pipelines will reach figures close to a billion euro investment. All this big flow of investment is needed, hypothetically, before 2020.
Precisely to ensure and attract such large investments, the report was prepared, which was delivered a few days ago to the European Commission’s to make this body take control and economic management of transboundary projects that have been discussed above. Those will assume a leading role, guaranteeing investors a regulatory climate and the remuneration of capital through consumers.
Different members of the companies that published the report claim that there is “a strong appetite for low-risk assets such as infrastructure”. Apparently all circumstances exist within the cross-border energy scenario that everything runs satisfactorily. The OECD also notes that this step would be very beneficial, stating that “many institutional investors would be willing to triple its investment in infrastructure”, which would be equivalent to an additional investment.
Precisely this positive stage for the European energetic and financial market contrasts aggressively with the current situation, in which investment for large infrastructure development has fallen sharply, 15% less.
Valfortec think that it is absolutely necessary to boost investment to implement new infrastructure that efficiently distribute energy across borders. We hope that movements get visibility soon.
Photo by: Dominique Ristori (@ristori20 )