2025/09/08

BBVA ESG Strategy: Electricity Grids – the giant scale of investments and infrastructure

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Why electricity grids matter more than ever:

  • Over 3,000 GW of renewables are stuck in grid queues – 5x what was added in 2022.

  • Without a USD21trn upgrade, the energy transition simply won’t work.

  • And yet… grid investment has stayed flat while renewable funding has doubled.

In this note, we explore:

  • Why grids are the new bottleneck to net-zero.

  • The hidden risks (blackouts, delays, curtailments) that could derail progress.

  • Where the real equity upside lies for investors ready to play the grid theme.

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