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Iberdrola: Spain needs to invest in 2030 until 140 billion in energy sector


The Spanish energy sector must in the opinion of Iberdrola Chairman Ignacio Galan in 2020 a total of 50 Billion will be invested. Other investments 60 billion to 90 billion EUR were needed in the period 2020 to 2030, Galan said on Wednesday, after he testified before the Energy Committee of the Spanish Parliament had.

In the coming decade, according to Galan especially investments in Modernization and expansion of electricity grids in particular in the Neighbors needed to for a higher share of renewable Be prepared energies.

In the years 2020 to 2030 were new Generating capacity required to satisfy the increased demand for electricity can, "said Galan. The Chairman of Spain’s largest Current Group expects because of the expected economic growth with a Growth in electricity demand.

If the currently operating nuclear power plants continue may be operated so amounts to the investment needs of the Energy sector at 60 billion euros. Decisions of the government, however, gradually phase out nuclear power, whether in the period 2020 to 2030 Investments of EUR 90 billion needed, "said Galan.

In a continuation of nuclear energy production on the current levels would Spain 14 gigawatts of new Generating capacity from conventional energy to create. An additional 18 gigawatts of new Generating capacity from renewable energy sources are also necessary, said the Chairman of Iberdrola SA.

With a gradual withdrawal from nuclear energy Spain had 21 GW of new conventional generation capacity . create Galan warned that such a move would endanger the goals that Spain in terms of reducing greenhouse gas emissions by 2050 have set.