30 Jul 2018

Chinese Chamber of Commerce in Germany criticises transmission grid deal

Handelsblatt

After the German federal government decided on 27 July to buy a 20 percent stake in north-east German transmission grid operator 50Hertz in order to protect this critical infrastructure from being partially owned by Chinese grid operator SGCC, the head of the Chinese Chamber of Commerce in Germany, Duan Wei, said this was constraining free trade. Duan told the Handelsblatt that several international investors had previously held stakes in 50Hertz, but that Germany was apparently treating investors from certain countries differently – this was giving the impression that there weren’t equal chances for investors.

Read the original CLEW news here.

Read the article in German here.

For background, read the CLEW news piece German politicians closely watch Chinese company’s plans to buy share in German grid operator, the CLEW dossier The energy transition and Germany’s power grid and the article Sino-German tandem: Export champions promote global energy transition for background.

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