00:00It's Benzinga bringing Wall Street to Main Street
00:02Amazon said long delays in securing power grid connections are complicating its plans
00:07to expand data centers in Europe, according to Reuters.
00:10AWS head of Energy Markets and Regulation for EMEA Pamela McDougall said grid connection
00:15timelines have become one of the main factors in data center investment decisions.
00:20She said connecting to Europe's transmission networks can take up to seven years,
00:24compared with about two years to build a data center.
00:26In the United States, connection queues average one to three years,
00:30according to the International Energy Agency.
00:32McDougall said missing grid access and network congestion have made some European projects unfeasible.
00:38The European Commission has proposed legal changes to shorten grid permitting timelines,
00:43which are now under negotiation by EU countries and lawmakers.
00:46For all things money, visit Benzinga.com.
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