HVDC transmission market for multi-terminal project type to grow at highest CAGR during forecast per

Of all the project types, the market for multi-terminal is expected to witness the highest CAGR. Multi-terminal HVDC systems connect non-synchronous power systems and offer flexibility in interchanging power between 3 or more converter stations. Multi-terminal HVDC systems are one of the cost-effective ways to aggregate large amounts of renewable energies through HVDC land cables, sea cables, or overhead lines on one side, and connect the aggregated energy to the main AC system through a common DC network.

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