Senior Power Correspondent
Vera's Feed
Mar 12, 2012

Germany harnesses green power in desolate east

PRENZLAU, Germany, March 12 (Reuters) – Germany’s
solution to a large part of its energy dilemma may lie in a
muddy field in desolate, windswept flatlands in the northeast.

In an area 75 miles north of Berlin that until now has
attracted more birdwatchers than cutting-edge industries,
start-up Enertrag AG, with the help of partners Vattenfall
, Total and Deutsche Bahn, is operating one
of the first plants to generate wind power and convert it into
hydrogen.

Mar 6, 2012

RWE sees gas trade taking big hit from Russia deal

ESSEN, Germany, March 6 (Reuters) – The trading arm of
German utility RWE warned investors to expect 2012
losses on gas trading to significantly exceed last year’s 800
million euro hit, due to the rising cost of long-term gas
supplies from Russia and Norway.

The company expects earnings from its trading and midstream
business to be “significantly below last year” due to the
divergence in gas and crude oil price movements.

Jan 19, 2012

Pressure mounts on German government over energy shift

BERLIN, Jan 19 (Reuters) – Having signalled that
Germany is getting out of nuclear, the government needs to map
out further steps to make the switch work, energy executives
said on Thursday.

“The energy shift is a political decision without a
technical concept behind it,” said Stephan Reimelt, chief
executive of GE Energy Germany. “I am very worried about time
running out.”

Jan 18, 2012

German shift from nuclear a Herculean task -execs

BERLIN, Jan 18 (Reuters) – Progress in Germany’s
energy shift away from nuclear power is painfully slow, hampered
by what energy sector executives say are inadequate incentives
and a lack of strong investors, suggesting it will be Herculean
task.

Germany, prompted by the March 11 earthquake and tsunami
last year that caused a disaster at Japan’s Fukushima plant,
decided to abandon nuclear power by 2022, leaving a large energy
gap to fill.

Jan 10, 2012

EEX exchange bets on gas trading as growth driver

FRANKFURT, Jan 10 (Reuters) – The European Energy
Exchange plans for further growth in its gas trading contracts
in 2012 after expansion in 2011, its chief executive, Peter
Reitz, told reporters in Frankfurt.

“We have not yet realised all opportunities in gas. The
measures we have undertaken will serve to attract yet more
liquidity to the EEX,” he said, without giving targets or
precise numbers.

Jan 9, 2012

German solar boom strengthens critics of subsidies

FRANKFURT, Jan 9 (Reuters) – New solar installations
reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011,
playing into the hands of advocates for steeper cuts in tariff
subsidies to reduce growth of solar power and the resulting
higher costs for consumers.

The figure slightly exceeds the 7.4 GW recorded in 2010,
German network regulatory agency Bundesnetzagentur (BnetzA) said
in a statement on Monday.

Jan 9, 2012

German solar market reaches record, cuts loom-agency

FRANKFURT, Jan 9 (Reuters) – New solar installations
reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011,
playing into the hands of advocates for steeper cuts in tariff
subsidies to reduce growth of solar power and the resulting
higher costs for consumers.

The figure slightly exceeds the 7.4 GW recorded in 2010,
German network regulatory agency Bundesnetzagentur (BnetzA) said
in a statement on Monday.

Jan 5, 2012

German power grids say coping with shortfalls

FRANKFURT, Jan 5 (Reuters) – German power transmission
grid operator TenneT and the national energy regulator said
successful handling of a power shortfall on Dec. 8-9 showed that
networks will be able to cope with overstretched conditions this
winter.

They were responding to a media report on the incident that
highlighted the potential difficulties in maintaining a stable
power supply, a situation closely watched in Europe, since
Germany shut 40 percent of its nuclear capacity last year.

Dec 21, 2011

German court finds six guilty in CO2 fraud trial

FRANKFURT (Reuters) – A German court on Wednesday sentenced six men to jail terms of between three years and seven years and 10 months in a trial involving evasion of taxes on carbon permits.

Judge Martin Bach said the men, aged between 27 and 66, were guilty of having participated in a conspiracy to evade around 300 million euros ($393 million) in value-added tax (VAT) between August 2009 and April 2010.

Dec 7, 2011

German wind, solar power to expand-regulator

BONN, Dec 7 (Reuters) – Germany is set to expand its
onshore wind power capacity by 1.7 gigawatts (GW) a year up to
2032, its Federal Network Agency said on Wednesday after
studying the impact of a planned rapid expansion of green power
in Europe’s biggest economy.

It would arrive at 47.5 GW in 2022 and 64.5 GW in 2032,
compared with 27.1 GW of capacity installed in 2010, the
agency’s president Matthias Kurth said at a news briefing.

    • About Vera

      "I report on German power and gas markets in liaison with a team of other specialists in European bureaus. I am based in Frankfurt and previously covered commodities out of Hamburg and London. My aim is to identify market and industry trends and to produce high quality copy which is accessible to expert subscribers as well as to energy and business audiences, and to help shape our energy products."
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