Unchanged investments in local utility sector
German Association of Local Utilities
Unchanged investments in local utility sector
With 4.88 billion euros, the investments of the municipal utility sector into its power plant fleet remained largely unchanged in 2015, compared to 5.1 billion euros in 2014. “The caution in 2015 was due to the uncertain political setting,” said Katherina Reiche, managing director of German Association of Local Utilities (VKU), according to a VKU press release. “The federal government had not sent dependable signals to the market, neither in connection with the Renewable Energy Act (EEG), nor with the combined heat and power law or the power market design,” said Reiche.
Read the press release in German here.
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