KfW IPEX-Bank finances expansion of Berlin's electricity grid
Germany, Sept. 10 -- KfW IPEX-Bank is providing up to EUR 250 million to BEN Berlin Energie und Netzholding GmbH. The funds are earmarked for extensive investment in Berlin's electricity grid, which is operated by its subsidiary Stromnetz Berlin GmbH.With this financing, KfW IPEX-Bank is making a significant contribution to the modernisation and needs-based expansion of Berlin's electricity grid. The funds will enable targeted investments in grid reinforcement and expansion and therefore the connection of renewable energies, data centres and electromobility. By 2030, BEN is planning investments of around EUR 3.6 billion in the expansion and strengthening of the grid infrastructure.Since the re-municipalisation of Stromnetz Berlin GmbH in 20...
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