Germany's Power-Grid Impasse Is Stalling Billions in Deals [Yahoo! Finance]
RWE AG ORD S/ADR (RWEOY)
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Source: Yahoo! Finance
Most Read from Bloomberg ‘Train Lovers' Organize to Support Harris and Walz in Presidential Bid Part of Downtown Montreal Is Flooded After Water Pipe Breaks Climate Disasters Are an Affordable Housing Problem EnBW Baden-Württemberg AG and RWE AG have delayed plans to sell their stakes in German transmission grids while they await clarity on Berlin's next steps, according to people familiar with the matter. Germany, Europe's largest economy, is planning to merge the nation's four high-voltage networks as it seeks to achieve carbon neutrality by 2045. The overhaul could cost as much as €300 billion ($333 billion), but the needs are acute: existing infrastructure is aging and power demand is set to soar as the nation seeks to link its industrial heartland in the south with wind energy in the north. In June, Chancellor Olaf Scholz's ruling coalition ditched plans to buy the full German unit of Dutch state-owned Tennet after it proved to be too expensive. Officials are still c
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