Reported 8 months ago
A state-owned Dutch company, the largest electricity grid operator in Germany, announced the termination of talks on selling its German business to the government in Berlin due to budget constraints. TenneT, one of four transmission network operators in Germany, had planned the talks in February 2023 to address funding needs for its German operations, vital for the country's transition to renewable energy. The German government cited budgetary challenges as the reason for not proceeding with the transaction, emphasizing a need for alternative funding sources.
Source: YAHOO