energy transition

The German energy industry still considers the goal of climate neutrality in Europe by 2050 achievable. According to BDEW President Stefan Dohler, pragmatism and improved investment conditions are essential for the success of the energy transition.

Power generation company Steag is filing a lawsuit against the Federal Network Agency to secure more compensation for backup coal-fired plants. And CEO Andreas Reichel has a proposal for these facilities to be used more extensively.

The various election campaign programmes contain many ideas on how the energy transition can be tackled more efficiently. Unfortunately, there is a scarcity of ideas on how to finance the much needed reforms.

Whether the ambitious expansion targets for wind energy will be achieved by 2030 is still open. But at least the reduction in bureaucracy is now being reflected in faster approval processes.

In the autumn, the German government wants to introduce a Power Plant Security Act, and the cornerstone for a capacity market. This is intended to safeguard the energy transition, and the expansion of renewables.

The German unit of transmission company Tennet is short of equity for expansion after a proposed 22 billion euro deal with the federal government fell through. Finding private investors looks challenging.

The German government aimed to accelerate the energy transition with the acquisition of the domestic power transmission network operated by Tennet. But the Dutch state owned company has pulled out of negotiations, and is seeking a listing or private equity sale.

The green transformation of the German electricity system has gained new momentum. However, this is not yet sufficient to meet the energy and climate targets for 2030.

The financial investor KKR is teaming up with the billionaire family Viessmann as a co-investor. This is remarkable in several respects.

Eon is expanding its venture capital business. A fund has now been launched in which third parties can also participate.