Berlin as the only negotiating partner: Vattenfall district heating network is about to take over!
Berlin as the only negotiating partner: Vattenfall district heating network is about to take over!
In the struggle for the Berlin district heating network, the Senate has achieved pioneering success: Berlin is now the only bidder with which Vattenfall negotiates the purchase of the district heating network. The Swedish company is ready to meet the country's central demands. Among other things, it is about the price that the Senate wants to have limited to less than two billion euros. Another condition is to link the business with a takeover of the Gasag. The Senate wants to become a majority owner of Gasag, while Vattenfall is supposed to cede its shares. The two previous fellow owners, Eon and Engie, must adapt their shares accordingly. The district heating network plays an important role in the climate goals in Berlin, since heat generation is responsible for 40 percent of the city's CO2 emissions. Berlin relies on the use of green hydrogen from renewable energies. The regular budget is to be financed, although the debt brake prohibits further borrowing. Experts appreciate the investment requirement for the transformation of heat generation at a billion dollar height. (Source: rbb24)
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