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Germany buys 20% in transmission system operator to prevent Chinese investment

Germany’s state investment bank, KfW, is purchasing a 20% stake in one of the country largest transmission system operators in order to block a Chinese company from acquiring the company. The reasons given are national security concerns, Bloomberg reports.

read more... 30/07/2018

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EU bank grants €70m for renewable energy in France and Germany

The European Investment Bank (EIB) has granted a further €70 million (£62m) for renewable energy projects in France and Germany.

read more... 27/06/2018

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Germany to compensate utilities for nuclear phaseout losses

The German cabinet has agreed to grant compensation of up to EUR1 billion (USD1.17 billion) to the utilities forced to shut down their nuclear power plants by the Energiewende, or energy transition, that the government of Chancellor Angela Merkel introduced in response to the Fukushima Daiichi nuclear power plant accident in Japan in March 2011. At that time, Germany was obtaining around a quarter of its electricity from 17 nuclear reactors operated by EnBW, EOn, RWE and Vattenfall.

read more... 28/05/2018

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Nord Stream 2 obtains approval from Germany

Slovakia and other CEE countries militate against the Nord Stream 2, considering it as a violation of the diversification principle and posing another risk for Ukraine.

read more... 06/04/2018

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German utility agreement transforms coal veteran RWE into green giant

Germany's major power producer is grabbing onto a lifeline from the green energy business in the utility industry's biggest change in years.

read more... 14/03/2018

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