Dateline City:
BRUSSELS
The investment climate has deteriorated significantly over the last year and threatens to derail the green agenda
European utilities need to invest around one trillion euros by 2020 in new infrastructure to ensure the region’s energy supplies as ageing power plants close and gas imports rise, according to a new report from IHS (NYSE:IHS), a leading global source of information and analytics.
The study highlights that the investment climate has deteriorated markedly over the last year as a number of countries faced a double-dip recession and the financial strength of utilities has weakened dramatically due to higher debt levels and weaker credit ratings.
Language:
English
