"German Pellets: up in smoke"
Handelsblatt Global Edition Magazine
While Germany’s energy transition has achieved some impressive results with renewables accounting for around a third of electricity, the lavish subsidies available in the renewable energy sector have also given rise to get-rich-quick schemes that can end in bankruptcies and the loss of jobs and investments, Andreas Dörnfelder, Jens Koenen and William Underhill write in Handelsblatt Global Edition Magazine. In February, German Pellets “joined a long list” of German alternative energy companies that have declared bankruptcy, the authors say. Despite German Pellets troubles, the company’s founder racked up some 25,000 euro in transport expenses in a single week earlier this year.
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