this post was submitted on 09 May 2025
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EU power grid needs trillion-dollar upgrade to avert Spain-style blackouts (www.reuters.com)
submitted 3 weeks ago by Amoxtli@thelemmy.club to c/theworldnews@lemm.ee
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[–] lath@lemmy.world 1 points 3 weeks ago

That's because it's shitty, neglected and aging and a lot of costs are due to the companies doing less than the bare minimum to maintain it over the years. It's not just one such companies that went bankrupt in the past, with their 'saddened' management walking away millions richer than they should've been.