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Thu Aug 29, 2013, 10:00 AM

German energy crisis favours the fleet (of foot- k)

German energy crisis favours the fleet

By Christoph Steitz
BERLIN | Tue Aug 27, 2013 4:33pm BST
(Reuters) - Germany's half-a-trillion-euro energy overhaul is forcing sector players to turn around their business models fast, giving smaller groups a head start on the country's ponderous utilities.

Europe's largest economy has seen its energy sector slide into crisis following its decision to abandon nuclear power by 2022, as a subsidised boom in solar power has dealt a heavy blow to traditional utilities, forcing them to close plants generating thousands of megawatts.

...

Capital Stage earlier this month said its operating profit more than doubled to 20 million euros in the first half of the year, showing that there is serious business to be made from renewable energy.

Bain & Company estimates that profits from large conventional power plants - also called centralised power - will fall by a third to about 5 billion euros in Germany by 2020.

In turn, profits from decentralised power - small generation units such as solar installations - could rise by up to 60 percent to 4 billion euros....

http://uk.reuters.com/article/2013/08/27/uk-germany-energy-winners-idUKBRE97Q0N520130827

This is a great look at a key aspect of the energy transition which is vital to understanding what is happening in Germany. Kind of long but well worth the time.


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