Vattenfall, the state-owned utility of Sweden, intends to invest $2.3bn over the next five years to strengthen its power grid.

One of the largest power grid firms in the country, Vattenfall operates several regional and local lines and provides power to almost 900,000 customers.

Currently, several of its grid is ageing and does not have sufficient capacity in many areas. If an upgrade is not carried out, there is always a risk of outages, which would in turn threaten supply security.

Vattenfall’s distribution market director Eva Vitell told Reuters: “We have too many outages and we need to reduce them for our customers. We will spend this money to modernise the grid and enable increased electrification.”

The funds for this project will come from Vattenfall’s fully owned unit Vattenfall Eldistribution and the parent company.

This year, the group plans to make investments of about $457m, reported the news agency.

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Old grid has become a big concern for the country’s power sector. Some of oldest lines were installed seven decades ago.

In June, Swedish transmission system operator Svenska Kraftnat said that it was intending to replace about 400kms of grid in the country’s southwest region over the next ten years.

Earlier this month, Vattenfall commissioned wind turbines, which are claimed to have the world’s largest capacity, at its offshore wind farm in Aberdeen Bay.

A single rotor lap from the 8.8MW turbine offers power for a full day to a consumer.

The Aberdeen Bay wind farm, or called as European Offshore Wind Deployment Center (EOWDC), is Vattenfall’s development center for offshore wind power.

Aberdeen Bay is the Scotland´s largest wind farm that will generate power to around 80,000 British households annually.

Vattenfall head of business area for wind Gunnar Groebler said: “The fact that EOWDC now can start delivering electricity after a very short construction time is satisfactory.”