The German government is topping up the funding for private charging stations for electric cars in residential buildings by a further €300 million (US$349 million). The purchase and installation of Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . German business confidence took another hit in October as global supply logjams Continue Reading
The yawning black-brown scar in the earth that is Germany’s Garzweiler coal mine has already swallowed more than a dozen villages. Centuries-old churches and family homes have been razed and Continue Reading
Germany will cut a power surcharge levied on consumers to support renewable energy by 42.7% to help households cope with soaring energy prices, network operators said on Friday. Germany and Continue Reading
The coalition that will form the government to succeed Germany’s Angela Merkel has agreed to phase out coal by 2030, eight years than currently planned, Reuters reported on Friday. The Continue Reading
German industrial output suffered its steepest drop in August since April last year, due to supply chain disruptions that are holding back growth in Europe’s biggest economy and hitting the Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Germany and the rest of Europe are bracing for an expensive winter Continue Reading
German utility Steag halted its coal-fired power plant Bergkamen-A after it ran out of hard coal supplies amid an energy crunch globally and logistics challenges domestically, the company told Bloomberg Continue Reading
WATCH: Germany is in a “bottleneck recession,” according to Ifo President Clemens Fuest. Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Continue Reading
Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of some major automakers, including BMW Continue Reading
The index of producer prices for industrial products in Germany rose 12.0% in August compared with the prior year, the German statistics office Destatis said Monday. This was the highest Continue Reading
Higher energy prices pushed Germany’s annual inflation to a 13-year high in August, as household energy, motor fuels, and food prices jumped, preliminary data showed on Monday. Germany’s harmonized index Continue Reading
One of Germany’s biggest challenges in the fight against climate change is to keep the lights on. As Europe’s biggest economy shuts its last nuclear reactor next year and utility Continue Reading
The heavy rains and floods that killed at least 220 people in Belgium and Germany this summer were made more likely and more intense by climate change. These are the Continue Reading
German Chancellor Angela Merkel offered reassurances on Sunday that Ukraine would not suffer from the construction of Russia’s Nord Stream 2 pipeline, but Ukraine said talks about its future as Continue Reading
A semiconductor supply crunch is forcing world-leading car manufacturers Volkswagen and Toyota to slash vehicle production. Toyota, the world’s largest carmaker, announced it will cut production by 40 percent in Continue Reading
Highlights Lignite tops July mix TTF front-month hits 2008-high above Eur40/mt Year-ahead clean spark spread negative first time since 2019 German gas-fired power generation fell in July as record high Continue Reading
German primary energy consumption gained 4.3% year-on-year in the first six months of 2021 after the start of economic recovery from the pandemic and cooler weather drove demand, industry statistics Continue Reading
Ever since the forced adoption of EVs by governments worldwide, all eyes have been on when the electric vehicles would finally make economic sense to produce. According to Volkswagen, that Continue Reading
Chancellor Angela Merkel’s chief of staff said on Sunday he fears the number of new coronavirus cases in Germany could soar to 100,000 a day in about two months unless Continue Reading
One by one, the world’s auto manufacturers have made bold commitments to electric vehicles, setting targets for turning over their entire fleets and disclosing large capital expenditure plans for the Continue Reading
Merkel at a plenary session of the German Bundestag in June As she leaves office, Angela Merkel, hailed for her pioneering global leadership on climate change, stands accused at home Continue Reading
German officials feared more deaths on Friday after “catastrophic” floods swept through western regions, demolishing streets and houses, killing more than 100 people and leaving hundreds more missing and homeless. Continue Reading
Deadly floods that devastated parts of western Germany have left thousands in the dark as utilities were forced to curb electricity supplies. Germany utility giant EON SE cut power to Continue Reading
Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from Continue Reading
Volkswagen is investing in electric vehicles more than other legacy car makers in the U.S. WSJ goes inside an engine factory that is being transformed into a battery plant as Continue Reading
Wunsiedel electrolyzer set to start in summer 2023 1,350 mt/year output for regional consumption Siemens has started construction of an 8.75 MW electrolyzer plant in Germany to be operational in Continue Reading
Volkswagen AG VOW 5.95% warned that the global shortage of semiconductors affecting car production would worsen over the next six months, joining a chorus of auto companies that have dialed down their outlook for Continue Reading
Deutsche Bahn has selected Wystrach—a specialist in the transport and storage of gases—to provide a plug-and-play hydrogen refueling station for the joint H2goesRail project—a green hydrail mobility solution. With a Continue Reading
Highlights Action plan sets out measures for next government Focus on renewables expansion, power price reform Harmonized GOs essential for international trade Germany’s hydrogen council has called for an urgent Continue Reading
German manufacturers unexpectedly saw demand decline in May, suggesting an uneven start to the country’s economic recovery. Orders fell 3.7%, worse than all estimates in a Bloomberg survey. The Economy Continue Reading
A couple take a picture at an open air cinema on the Museum Island in Berlin, on June 16, 2021. He also told officials that he estimated the variant now Continue Reading
Announcements of large new electrolyser projects, and the formation of consortia to build them, are appearing in the news almost daily. What began as a few announcements a year ago Continue Reading
Germany has an opportunity to phase-out coal power plants almost a decade ahead of schedule — but it will require a fleet of natural gas plants to do it, a Continue Reading
Trains and flights on a departure information board at Frankfurt Airport in April. Deutsche Lufthansa AG and German state railway Deutsche Bahn AG are cooperating on express-train services that could Continue Reading
Volkswagen’s VLKAY (0.00%) chief executive has taken aim at leaders of the Group of Seven (G7) for failing to set a firm date to phase out coal power and rejecting Continue Reading
Germany has recorded its lowest number of new daily coronavirus infections in nearly nine months, and officials are floating the possibility of loosening mask-wearing rules. The Robert Koch Institute, the Continue Reading
Germany’s economy is poised for a strong upswing in the second half of this year, with activity likely to reach pre-crisis levels as soon as this summer, the Bundesbank said. Continue Reading
Germany’s Christian Democrats won a decisive victory in elections in the eastern state of Saxony-Anhalt on Sunday, in a huge boost for their leader Armin Laschet and his bid to Continue Reading
The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov/File Photo/File Continue Reading
Leaked draft targets 150 GW solar, 95 GW onshore wind Little impact, with budget approval only after elections Coalition already doubled 2022 tenders to 10 GW Germany’s government is considering Continue Reading
Germany will invest more than 8 billion euros ($9.74 billion) to fund large-scale hydrogen projects, the Economy and Transport ministries said on Friday, in a step to scale up hydrogen Continue Reading
Import demand, domestic supply of renewables limited German industry leaders have called for a faster rollout of hydrogen projects after the government brought forward a net-zero target to 2045. Receive Continue Reading
Germany’s environmentalist Greens party wants to boost rail travel at the expense of domestic flights to help the country achieve its goal of sharply reducing greenhouse gas emissions. The Greens’ Continue Reading
German Chancellor Angela Merkel on Saturday rejected demands to bring forward an exit date for ending coal generation in Germany, currently set at 2038 . “Those affected need some reliability Continue Reading
German industry will need to swiftly implement a “massive” reduction in greenhouse-gas emissions to conform with targets in the ruling coalition’s new climate protection law. According to a draft seen by Continue Reading
Factory production and exports increased strongly in Germany in March, according to official statistics released Friday, developments that bode well for the second quarter in Europe’s largest economy as it Continue Reading
Germany’s conservative-led government announced more ambitious plans to cut greenhouse gas emissions on Wednesday, prodded by a constitutional court ruling and with an eye to the opposition Greens’ lead in Continue Reading
Germany’s economy shrank 1.7 percent in the first three months of this year as lockdown measures to contain rising coronavirus infections left the eurozone on track to fall into a Continue Reading
Germany’s top court ruled Thursday that the country’s government has to set clear goals for reducing greenhouse gas emissions after 2030, arguing that current legislation doesn’t go far enough in Continue Reading
