Imports also grew at the beginning of the year.
The expected compensation payment of 364 million euros was around 50 percent higher than in the first quarter of 2018. Normally, producers of green electricity receive a feed-in remuneration that is passed on to the electricity customers – or money for not feeding in. According to the Federal Network Agency, 654 million euros were paid in compensation over the past few years. “” As long as more green electricity is produced than the grids can absorb, politicians should pave the way so that the electricity generated does not have to be regulated but can be used – for example at private charging stations or through power-to-gas technologies “”, announced the association. The minister-presidents of the northern German states had made a similar demand. With the 3.3 billion kilowatt hours, six million electric cars could have driven for three months, explained the BDEW.
The energy would also have been enough to produce so much “” green gas “” to heat 100,000 households for a year. Source: ntv.de, mba / rts “The proportion of green electricity in the German electricity network is to increase – with the help of a fourth electricity motorway . (Photo: picture alliance / dpa) The proportion of green electricity in Germany is to increase significantly by 2030. The Federal Network Agency is therefore planning a fourth electricity highway that will transfer wind energy from north to south. But there is also considerable resistance to the project.
According to the will of the Federal Network Agency (BNetzA), Germany’s wind energy is to be transmitted from the north to the south via a fourth electricity motorway. A direct current connection between Schleswig-Holstein and North Rhine-Westphalia (NRW) is required, said the regulatory authority. The authority had examined a proposal from the network operator. This planned to build an additional route from Schleswig-Holstein to Baden-Württemberg. The network agency is only to NRW for a shorter route.
In addition, the authority advocates the expansion of AC connections, i.e. smaller lines. The route corridor for the new electricity motorway goes from Heide in Schleswig-Holstein via Wilhelmshaven in Lower Saxony to Polsum and Uentrop in North Rhine-Westphalia. The exact route between these locations is still unclear – it will only be determined in a later procedure, which will take a long time. According to the network operator’s request, the route should go as far as Altbach in Baden-Württemberg, but the network agency refused. By 2030, the eco-share in the German electricity network is to increase from the current 38 to 65 percent. Much of it arises in the windy north with its coasts.
Three major power lines are currently being planned in Germany which will bring green electricity from the north to the industrialized south and west of the republic: “” Suedlink “”, “” Suedostlink “” and “” Ultranet “” / “” A-Nord “”.biology essays writing service The projects sometimes trigger strong resistance from the local population. The Bonn authority started a consultation on the network development plan, companies, associations and representatives of civil society can speak up until mid-October. The regulatory authority wants to define the plan by the end of the year.
On the basis of this, in turn, the federal legislature should include the line corridor in a law. If it is anchored in this, the new electricity highway must be built. Source: ntv.de, pvt / dpa “The energy company Vattenfall wants to end the legal dispute over Berlin’s power supply. (Photo: picture alliance / dpa) For years the state of Berlin has been fighting in vain for the Nationalization of the electricity supply – this could now come to an end.
Although Vattenfall has recently won a lawsuit against the Senate, the network provider suddenly wants to sell. The energy company Vattenfall wants to end the years of legal dispute over Berlin’s power supply and sell the capital’s power grid to the Senate. Vattenfall announced that the group had offered the state all shares in its own subsidiary Stromnetz Berlin GmbH, including infrastructure, IT systems and personnel. “We have come to the conclusion that we have to find a way out of the messy situation,” said the outgoing Vattenfall boss Magnus Hall. “It is not a good thing to carry around this uncertainty with us in all of our business activities, upcoming decisions and investments.” “Hall initially did not provide any information about the conditions and the proposed purchase price. Should the Senate strike, the energy company believes that the purchase could be completed as early as the first half of 2021. The Berlin Senate would be a lot closer to its goal: The state has been working for years to reverse the privatizations of the past decades.
The power grid should also switch back to government hands. As early as 2014, the state decided that the expiring concession for network operation should go to Berlin Energie for 20 years. Vattenfall complained against this at the time and won. Hall emphasized that it was not “a signal that we were rethinking our business in Germany” “. The Federal Republic remains the most important market for Vattenfall – “” and we will continue to invest there and expand our commitment. “” It would be the second time in a short time that parts of the Swedish group in Germany were transferred to the state. In 2014, Vattenfall had already given its shares in the power grid to the state in Hamburg after a referendum on the matter had been successful.
With the now planned withdrawal in Berlin, the group wants to concentrate entirely on the other German business areas, including heat generation in the two cities. Source: ntv.de, can / dpa / DJ “News and information at a glance. Collection of articles by n-tv.de on the subject of electricity networks Electricity companies that use third-party networks for transmission can have the fees incurred for this purpose checked by a court.
This was decided by the Cartel Senate of the Federal Court of Justice (BGH). Differing judgments of the lower courts are thus rejected. After the power grid collapsed in Moscow, numerous buildings in the south of the Russian capital were still without power.
Without investing billions in new power plants and lines, the industry association VDE believes that the high reliability of the power grid in Germany is at risk. The responsible association ZVEI warns that our power grids can no longer grow in their current state without major investments in the future. “” The power outages in the USA, Scandinavia and Italy have shown that a reliable power supply is not a matter of course, “explained Schneider at the Hanover industrial fair. The speculation about large orders for the renovation of the US power grid give the electrical engineering company ABB hope.
Group board member Jürgen Dormann is already confident that the company will grow faster than previously forecast by 2005. After the largest power outage in US history, the industry is now starting to compete for orders for the necessary renovation of the US power grid. According to a newspaper report, Siemens and the Swedish-Swiss company ABB expect advantages over the US company General Electric. Error in Ohio: Three faulty transmission lines in the US state of Ohio are apparently the cause of the severe power outage in the USA and Canada.
That is what the previous investigations show. A power plant failed two hours before the Gau without triggering an alarm. A subsequent overload triggers the chain reaction, as a result of which 20 power plants shut down. Unlike in Germany, according to an expert, the American power grid often works at the edge of its capabilities. This could create a so-called domino effect in the USA and lead to major power outages within a short period of time.
US President Bush called the largest power outage in North America’s history a wake-up call and called for the US power grid to be modernized. “” We have an antiquated system, “said Bush in California. Former energy minister Richardson certified that his country had a completely outdated line network that corresponds to that of a developing country. From Saturday onwards normality should slowly return and everything will not go back to normal until Monday, said Bush.
After the energy giant only recently took over the gas monopoly in the Czech Republic, RWE is now targeting the Russian electricity market. The construction of an electricity bridge between the power grids of Russia and Finland is planned. “An important mainstay of the German economy: Almost 870,000 jobs depend directly or indirectly on the export success of the electrical industry. (Photo: picture alliance / dpa) Unexpectedly strong jobs come from within the German economy Signals: The companies in the German electrical industry have recently been able to significantly expand their exports to important customer countries such as the USA. Despite all international trade conflicts, the German electrical industry has increased its exports sharply. In March, exports increased by 6.7 percent year-on-year to 18 The industry association ZVEI announced that the highest growth was in exports to other European countries and to America.
In the entire first quarter, the export volume of 54.1 billion euros was 5.8 percent above the previous year’s level. “This means that exports have developed significantly better than incoming orders, production and sales – despite trade conflicts and a cooling global economy”, explained ZVEI chief economist Andreas Gontermann. In the first three months of the year, industry exports to industrialized countries increased 6.1 percent, to 35.3 billion euros, grew faster than exports to the emerging countries (plus 5.2 percent to 18.8 billion euros). In other European countries, the German electrical industry was able to sell goods worth 34.9 billion euros in the same period, which corresponds to an increase of 5.6 percent over the same period of the previous year. In Asia and America, exports rose to 11.5 billion euros (plus 4.0 percent) and 6.3 billion euros (plus 11.0 percent). Broken down by country, most German electrical exports went to China in March. Goods to the value of 5.1 billion euros went to the People’s Republic.
However, growth in the first quarter was comparatively weak with a plus of 0.9 percent. In contrast, exports to the USA – the second most important partner of the German electronics industry – rose by double digits in the same period – by 12.7 percent to 4.7 For the year as a whole, the electronics industry recently expected an increase in sales to more than 200 billion euros. In the previous year, the industry had a total export volume of 193.5 billion euros. Imports also grew at the beginning of the year. In terms of electrical imports, the association recorded an increase of 7.1 percent to 49.0 billion euros. The ZVEI is one of the most important industrial associations in Germany.
Under the umbrella of the central association, 22 professional associations represent an industry with their own statements, around 868,000 employees in Germany alone. Source: ntv.de, mmo / dpa “” Chinese investors apparently place more value on size than profitability and thus avoid competition with other bidders “”, explained Ifo President Fuest. (Photo: picture alliance / dpa) Chinese companies are often accused of systematically outbidding foreign investors with state money. The Ifo Institute has now come to a different conclusion: According to this, the Chinese would rather try to prevent precisely that. A new study by the Ifo Institute dispels prejudices against Chinese investors: According to the study, Chinese companies are not pumped up with state money and therefore cannot simply outbid every competitor. Instead, the prices that Chinese investors pay are lower than those that other investors pay for comparable companies.
As part of the study, Ifo researchers examined more than 70,000 cross-border company acquisitions in 92 countries between 2002 and 2018. In 1900 acquisitions, the buyers came from China, and in 171 cases, Chinese investors took over German companies. On average, companies that are acquired by Chinese investors are seven times as large in terms of total assets as companies that are bought by investors from other countries.
The debt ratio for the Chinese takeover targets is 6.5 percentage points higher, and the average profitability at the time of the takeover is close to zero. Other investors, on the other hand, concentrate on companies with positive earnings. According to the Ifo study, the fact that Chinese investors buy cheaper speaks against the widespread thesis that Chinese companies systematically outbid other investors with government subsidies and force them out of the market. “Chinese investors apparently place more value on size than profitability and thus avoid competition with other bidders,” explained Ifo President Clemens Fuest. According to Fuest, the preference for more highly indebted companies with lower profitability could also be with a longer-term investment horizon or better financing options to be declared by state-owned Chinese banks. “” The study also shows that Chinese state-owned companies are implementing the government’s strategic economic policy, in particular the ‘New Silk Road’ and ‘Made in China 2025’ “”, explained Fuest Building on the historical routes between the Mediterranean and East Asia, new trade and transport networks between the continents. China wants to tie sales markets to itself. Since the initiative was launched in 2013, Chinese state-owned companies in particular have been buying companies in the Silk Road countries far more frequently than before. “Made in China 2025”, in turn, defines ten key sectors in which the Chinese state will become the global technology leader by 2025.
These include software, robots, planes, ships, trains and cars as well as energy systems, agricultural technology, new materials and medical technology. According to an Ifo analysis, Chinese state-owned companies prefer takeover targets in the field of raw material extraction and in the agricultural sector. Chinese private companies are more likely to buy companies in the electrical, mechanical and automotive industries. State-owned companies have also shown an increasing interest in these areas since the strategy was announced in 2015.
According to the study, state-owned companies in particular have geared their takeover policies to government wishes. This can hardly be observed in private companies. Source: ntv.de, lri / AFP “E-cars are the future.