energy transition

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.