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German economy minister: power plant strategy to be completed quickly

German Economy Minister Robert Habeck stated on Thursday he was putting finishing touches to a postponed power plant method in close talks with the European Commission, which needs to approve it to prevent unfair benefits for utilities in Germany.

We are down to the small print, Habeck said at the yearly congress of the nationwide energy industry association BDEW in Berlin.

The EU Commission also wishes to end up, he said of the prepare for tenders for 10 gigawatts (GW) of initially gas-fired capability to enhance green power and switch to tidy hydrogen later on, efforts that have actually taken 18 months to draw up and were revealed in February.

Finalisation was done day-by-day and he was positive to seal the offer before the recess of Brussels lawmakers for the summer, he said.

The very first piece of tenders are anticipated to occur this year with the complete 10 GW to be positioned by 2026.

The delays came since of complications while doing so of concurring subsidies for future plants under standards for decarbonisation tasks, which would ensure much faster EU approval in future, Habeck said.

These arrangements were tough to broker since it was unclear the length of time the plants will run on gas as a transition fuel and when they can be purely worked on hydrogen, he stated.

Tenders need to be tailored towards a future market design, such as a capability market, which makes sure trusted power supply to satisfy demand peaks.

Utilities prepare to bid for aids for the brand-new projects that Berlin has devoted to pay till such time that electricity can be 100% green, with 80% targeted for 2030.