“When there’s not enough money for the green transformation”
Handelsblatt
Germany’s major utilities and hundreds of municipal utilities have missed the advance of renewables, writes Franz Hubik in Handelsblatt. Many firms now say they want to change course but do not have the necessary financial resources for a turnaround. Unlike RWE and E.ON, most municipal utilities cannot split in two, or sell valuable assets, for political reasons. Business consultancy KPMG suggests cooperations for renewable projects could be an option to overcome this problem.
Read the article in German here.
For background, read the CLEW factsheet Small, but powerful – Germany’s municipal utilities.
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