Elia Group Going big... Or going home
Yesterday, Elia Group announced that their subsidiary WindGrid has signed a memorandum of understanding with NextEra Energy Transmission. The MoU declares the ambition to cooperate on the development of the offshore transmission infrastructure to connect New Jersey's offshore wind farms to the onshore grid. Although the potential of the project is huge, it is still very early days and there are a lot of moving parts. No change to the investment case. Hold, €129 TP.Elia System Operator develops, operates and maintains very-high-voltage (380 kV, 220 kV and 150 kV) and high-voltage (70 kV, 36 kV and 30 kV) networks, providing its customers with consultancy and engineering services. Whether in Belgium, Germany or elsewhere in Europe or the U.S., Co. ensures that electricity flows reliably from energy producers to distributors and large corporate customers. Co.'s main activities include transmission operator, system operator and market facilitator, developing and maintaining grid infrastructure, connecting electrical installations to grids, providing transparent access to grids, while taking initiatives to improve electricity market operations.
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