Business · Energy & Commodities · 12 hrs ago

Germany to announce winners of first gas power plant tender

Germany to announce winners of first gas power plant tender

Germany’s energy regulator is due to name winners of the first tender for new gas power plants on Tuesday.

The plants are meant to provide electricity during periods when wind and solar power are weak, as Germany moves away from coal.

The European Commission has approved state support for up to 11 gigawatts of flexible power capacity by 2031.

The first tender, held in September, offered 4.5 gigawatts, and another 4.5 gigawatts is planned for December.

The delay matters because new plants are needed to support the planned coal exit in the Rhineland mining region, and companies such as Uniper are counting on the business.

There is also concern that Daniel Křetínský’s Czech company LEAG could gain an advantage, but the winners have not yet been announced.

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