Skip to content Skip to sidebar Skip to footer

German giants going green, Greenbang German too.

germany.jpgGreenbang is supporting Germany at next year European Championship football tournament. This is because the England team, as much use as a chocolate teapot, did not qualify, and China and the USA aren’t European. No, seriously, it’s true, check here.

Happily Germany, the land that brought us Lederhosen, Bratwurst and the Volkswagen Beetle, is also furnishing the world with clean energy. At least that’s the plan.

For Germany’s two biggest power companies, RWE and EON, are looking to shed their image as heavy polluters by unveiling major alternative energy investment plans.

Einfach klasse!!! This is excellent news, Greenbang hears you cry.

It started earlier this month when EON said it would invest six billion euros in ‘green’ sources by the end of the decade. RWE has come back with a pledge of one billion euros every year, starting in January.

Here’s the World Business Council for Sustainable Development with the story:

 

Both groups, along with German power companies Vattenfall and EnBW, have given the priority to wind turbines, ahead of solar energy.

But the quartet, which produces 80 percent of Germany’s electricity, are also looking into other sources, including hydraulic energy, biomass, geothermal and hydropower, which draws energy from waves or tides.

“EON and especially RWE are not pioneers in renewable energy,” noted Reiner Haier, an analyst at the regional bank LBBW.

“They want to catch up, and it will be a tight race.”

 

 

The Global View creates and curates research, perspectives and intelligence on the modern leader’s agenda.

Subscribe Now

Get our latest research papers and amazing posts directly in your email.

Loading

The   Global view © 2022. All Rights Reserved.