Jul 05, 2025 | Posted by Abdul-Rahman Oladimeji
UK energy regulator Ofgem has provisionally approved a £24 billion ($32.7bn) investment package into the country’s gas and electricity transmission system.
The funding will back the construction of 80 electricity transmission projects aimed at connecting more than 120GW of clean energy capacity by 2030. The investment is seen as the first step in an estimated £80bn ($109.2bn) program to boost the network's capacity.
The projects will upgrade more than 4400km (2,734 miles) of overhead lines and deliver 3,500km (2,174 miles) of new circuits, including investments offshore, doubling the total build in the last ten years.
Responding to the investment, The National Grid said it was “pleased to see Ofgem continuing to recognise the need for significant levels of investment in networks. We will now review the detail contained within the draft determination to assess whether it delivers an investable overall financial package.”
