The Queensland government in Australia has confirmed that it has broken ground on its AUS$5 billion (US$3.3 billion) CopperString transmission project.
PV Tech spoke with Alejandra Pérez-Plá, regional manager – Mediterranean at financial advisory firm Global Capital Finance about challenges related to land acquisition for utility-scale solar PV projects in Southern Europe, how to manage these issues and grid modernisation.
Global grid capacity needs to grow 2.5 times its current size, and annual expenditure on grids must more than double to US$970 billion by 2050, according to a new report from DNV.