“Steag sells stakes and collects money”
Handelsblatt
German utility Steag is currently in the process of selling stakes in power grids, district heating, wind parks and bio energy in several countries to help the company through its current crisis, writes Jürgen Flauger in an article for the Handelsblatt. Steag operated mainly coal fired power plants, which cease to be profitable, writes Flauger.
Read the article (behind paywall) in German here.
For background, read the CLEW dossier Utilities and the energy transition.
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