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Berlin has unveiled plans to spend €16 billion on 10 gigawatts (GW) of new gas-fired power plants in a major overhaul of the country's energy grid. Germany is also abandoning its short-lived ...
Higher gas generation also lifted natural gas' share of Germany's electricity generation mix to 18.6%, the highest since early 2021, which indicates that German power firms remain reliant on ...
It later bought a stake in EnBW's (EBKG.DE) high-voltage power grid TransnetBW and is currently in talks to acquire the German division of Dutch grid company TenneT (IPO-TTH.AS). ($1 = 0.9220 euros) ...
In 2023, Germany significantly reduced its natural gas imports by 32.6%, with Norway becoming its top supplier, amid a notable drop in consumption and the operationalization of four LNG terminals.
Germany's Power Grid Expansion Act, known as EnLAG, came into force in 2009, and is intended to accelerate the expansion of the power grid to support the transition to renewable energy sources.
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