“Know-how, capital and cooperation help small actors against risks of the renewables reform”

Greenpeace Energy and its subsidiary Planet energy aim to support citizens’ wind power projects in their planning phases in light of regulatory changes brought on by the reform of the Renewable Energy Act (EEG). “The new EEG slows down the expansion of renewable energies and favours big businesses,” said Sönke Tangermann, board member at Greenpeace Energy at a press conference in Berlin. Citizens’ energy actors were at a disadvantage, because it was more difficult for them to deal with the costs and risks of the newly introduced auctions. Being a large company, it was easier for Greenpeace Energy to shoulder the investment risks, so it aims to provide expertise and capital for a share in citizens’ wind park project. However, the ultimate goal is to sell back the share at a later stage to make sure that the park truly remains a citizens’ project.

Find the press release in German here.

Also read the CLEW dossier on the reform of the Renewable Energy Act.