AUSTRIA'S RENEWABLE INVESTMENT EUR2.5 BLN
PLATTS - Austrian power grid operator APG plans to invest Eur2.5 billion over the next 10 years to future-proof its network against a massive expansion of wind and solar, it said.
The program will kick off with the construction of the 380 kV Salzburg line linking pumped storage facilities in the western Alps to wind-rich regions on the Eastern borders.
Construction of the Eur800 million ($905 million) line is to start in Q4 2019 and could last four years, APG said.
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