Will COVID-19 be a boon for transmission infrastructure?
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- Jul 27, 2020 9:34 pm GMTJul 27, 2020 9:21 pm GMT
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When the COVID-19 pandemic made its way to North America in March—or at least when we realized it had arrived—many utility commentators rightfully worried that social distancing and the subsequent economic fallout would spell disaster for the region’s many transmission infrastructure projects. Luckily, it seems now that those worries were exaggerated. Despite some early pauses, most of such transmission projects have picked back up and, indeed, other new ones are coming into the fold. In fact, it’s starting to look like COVID-19 may prove to be a boon for transmission infrastructure.
As legislators and opinion makers begin to look past the current public health crisis to what’s sure to be a long economic recovery, many are wondering out loud what can be done in terms of policy to speed the whole thing up. A couple themes make regular appearances in these conversations: infrastructure projects and green energy. General infrastructure is pretty intuitive. It’s a straight forward job creator, and its benefits are obvious and apolitical. The U.S.A. really has a miserable infrastructure system compared to other developed economies around the world—have you ever driven on a Western European toll road? It’s heaven on earth.