Cables become cool
(Climate Home News, 3 Feb 2023) As putting up solar panels and wind turbines becomes increasingly profitable without subsidies, governments are turning their attention to transmission lines.
After all, there’s no use making clean electricity if you can’t get it to anyone who needs it.
But, while anyone with a few million in their back pocket can throw up a solar farm, who has got the billions to build power cables across the country?
Well the Indian government does. On Wednesday, finance minister Nirmala Sitharaman promised $1bn towards cables linking renewable projects in the Himalayan state of Ladakh with states that people actually live in.
Over in Washington DC, the Climate Investment Funds does too. It has just lent Colombia $70m for transmission lines and other green projects. It has got $230m more in the pot for projects like this and is asking rich nations to top it up so they can roll out the programme to big hitters like India, Brazil and Indonesia.