German decarbonisation targets will challenge conventional power suppliers
Moody’s
German utilities that are focusing on conventional power generation, i.e. RWE and Uniper, are exposed to “decarbonisation risks,” rating agency Moody’s has said. The country is likely to accelerate coal plant closures and implement other low-carbon measures to meet its climate targets, although the time frame remains uncertain, the agency stated. If more coal-fired plants were shut down, this would relieve pressure on power prices from increasing renewable capacities.
Find the press release (behind paywall) here.
For background, read the dossiers Utilities and the energy transition, The energy transition's effects on the economy and the factsheet Germany’s largest utilities at a glance.
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