#Germany: minister flags risks to tenders as offshore auctions draw no bids https://t.co/X0Upu78piT
#GTVoice: At a critical stage where the global energy transition is accelerating and the wind power industry is booming, #Germany's plan, seemingly aimed at securing the supply chain, may actually bring more risks to the industrial chain. https://t.co/y6j5DP3ESW
#Germany Readies €100 Billion Fund to Invest in Strategic Assets https://t.co/YgY9ejV0Dd
Germany is preparing to launch a €100 billion investment fund aimed at securing strategic sectors including defense, energy, and critical raw materials. This initiative reflects the country’s focus on strengthening its industrial base and supply chains amid global energy transition challenges. Concurrently, Germany’s Federal Network Agency reported that a recent offshore wind auction for two North Sea areas concluded without any bids, highlighting investor reluctance toward zero-subsidy contracts in the current economic environment. The government is also moving to accelerate carbon storage infrastructure and fast-track geothermal energy projects to support its energy transition goals. Additionally, Germany plans to scrap the gas storage levy. However, concerns have been raised about potential risks to the industrial chain stemming from these policies, despite the booming wind power industry globally.