WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 312
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Investments
FIGURE 10
Investment in power grid infrastructure by geography, 2016-2024
• Grid investment is starting to pick up and is
expected to reach $400 billion in 2024, with
Europe, the United Sates, China and parts of
Latin America leading the way
• Advanced economies and China continue to lead
investment in power grids, accounting for about
80% of global spending. China held its level of
investment at $80 billion, with the governmentowned State Grid Corporation maintaining its
appetite for new grids and networks
300
• Investment in advanced economies grew at a
rate of 11% in 2023, led by the United States,
which spent $100 billion – mostly on enhancing
grid reliability and upgrading old infrastructure
200
• Spending in the European Union rose strongly,
reaching $60 billion, bolstered by the European
Commission’s Grid Action Plan which targets
more than $600 billion in spending on grids in
the next six years
100
2017
2018
North merica
Source: IEA
2019
China
2020
Europe
2021
Asia Paci昀椀c
2022
Latin America
2023
Others
2024e
WEMO 2024
2016
312
Billion $ (2023, MER)
400
