Monthly Archive for February, 2010

Federal Network Agency Sets New Rules for Efficient Marketing of Renewable Energy

The Equalisation Scheme Execution Ordinance (AusglMechAV) was published today. The ordinance further develops rules for marketing renewable energy which network operators have to buy pursuant to the Renewable Energy Sources Act (EEG). Continue reading ‘Federal Network Agency Sets New Rules for Efficient Marketing of Renewable Energy’

RWE Increases Net Income in 2009

RWE AG reported a slight revenue  decline to EUR 48 billion in 2009, while EBITDA rose by 4% to EUR 9.2 billion. The operating result slightly exceeded the forecast and improved by 4% to EUR 7.1 billion. Recurrent net income, on which the proposed dividend of  EUR 3.50 per share is based, is up 5%. Continue reading ‘RWE Increases Net Income in 2009’

No Cuts in KfW Programme Promoting Energy Efficient Renovation

The Financial Committee of the Bundestag (German Parliament) reportedly allocated EUR 1.5 billion for the KfW programme promoting energy efficient renovation, the same amount as last year. Continue reading ‘No Cuts in KfW Programme Promoting Energy Efficient Renovation’

Contracting Structures to Reduce Energy Taxes Under Criticism

By outsourcing their energy supply to contractors, many German companies benefit from tax breaks with respect to energy taxes like the electricity tax (Stromsteuer) and the mineral oil tax (Mineralölsteuer). The underlying contracting structures are increasingly criticised. Continue reading ‘Contracting Structures to Reduce Energy Taxes Under Criticism’

Coalition Committee: Revised Solar Feed-in Tariff Reduction Proposal

According to Peter Altmaier, Parliamentary Party Secretary of the Christian Democratic Union (CDU), the coalition committee (Koalitionsausschuss) of the ruling CDU/CSU and FDP parties yesterday agreed on cuts of the solar feed-in tariffs starting 1 July 2010, the news agency ddp reported.

Continue reading ‘Coalition Committee: Revised Solar Feed-in Tariff Reduction Proposal’

BMW to Build Electric Cars in Leipzig

BMW Group decided in favour of its plant in Leipzig, Saxony,  as the production site for its new electric vehicle, the so-called Megacity Vehicle. The first cars are scheduled for delivery in 2013. Continue reading ‘BMW to Build Electric Cars in Leipzig’

Differing Views within CDU/CSU about Nuclear Energy

Differing views of the Christian Democratic Union (CDU) and the Bavarian Christian Social Democrats on nuclear energy made news over the weekend.   Continue reading ‘Differing Views within CDU/CSU about Nuclear Energy’

German Cartel Office Investigates Gas and Electricity Companies

The German Cartel Office has started a large-scale investigation of utilities with respect to the use of contract clauses prohibiting the resale of energy. Continue reading ‘German Cartel Office Investigates Gas and Electricity Companies’

Renewable Energy Consumption in Germany Climbs to More than 10%

Renewable energy consumption amounted to 10.6% of total final energy consumption in 2009 after 9.5% in 2008, said the German Renewable Energy Federation (Bundesverband Erneuerbare Energie e.V. – BEE). Continue reading ‘Renewable Energy Consumption in Germany Climbs to More than 10%’

Conergy Reports Improved Operating Result for 2009

Conergy AG, Hamburg, one of the major German solar companies, reported a significantly improved operating result for the whole of 2009 and a return to a positive operating result in the fourth quarter. Continue reading ‘Conergy Reports Improved Operating Result for 2009’