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German Green Grid Price Tag Increases to $111 Billion

  • Power regulator adviser calls for moratorium on project
  • Consumers must bear cost of upgrade through electricity bills
Solar power in Germany.
Solar power in Germany.Photographer: Rolf Schulten/Bloomberg

The projected cost of building Germany’s green power “autobahn” is steadily climbing, setting up electricity consumers with an ever increasing bill.

The government is building four high-voltage power lines linking wind and solar parks in the north with industrial centers in the south. Severe delays have seen spending soar more almost fivefold to 95 billion euros ($111 billion), according to the latest plan approved by the Bnetza power regulator.