Europe will upgrade electricity grids
The Commission foresees that upgrading electricity grids will cost €1 trn by 2020. The operation is necessary since most of them not only are old but need to be expanded and strengthened. Moreover, the upgrade will be in line with the 5 objectives EU has to reach by 2020: efficiency, integrated market, security, international and european leadership. Nowadays problems are represented by a fragmented internal market and slow progresses in the sector of renewable energies. The Commission plan will also include measures for transport and constructions.
See also Commission's strategy