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EnBW head urges speed on new German power plant plan
Published by Global Banking & Finance Review®
Posted on February 10, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 10, 2025
2 min readLast updated: January 26, 2026
EnBW calls for urgent action on Germany's power plant strategy, emphasizing the need for new gas-powered generation to ensure grid stability by 2030.
ESSEN, Germany (Reuters) - Germany's next government must pick up a stalled draft law on the development of new gas-powered generation capacity quickly, the head of major utility EnBW said at an industry event on Monday.
EnBW is one of a number of companies wanting to build new power stations, along with Uniper and STEAG.
A bill for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants was dropped by the now dissolved government coalition last year as it could not reach consensus internally, and with the industry, on its details.
A general election is scheduled for February 23, with coalition talks likely to follow as polls suggest no party will have an absolute majority.
Any new government "must decide on the power plant strategy," said Georg Stamatelopoulos, CEO of the south-western company that provides services such as power and gas and electric mobility infrastructure, on the sidelines of the E-World conference in Essen.
"The message has been received that it must be quick," he added.
Stamatelopoulos said the industry needs clarity on an accompanying market design by 2027/28 so that power generators can compete in government tenders to build new capacity.
EnBW estimates 20 GW of new capacity are needed up to 2030 to safeguard system stability on the power grids, which by that stage should receive 80% of their supply from wind or solar panels, while carbon-polluting coal plants are being shut.
(Reporting by Tom Kaeckenhoff and Vera Eckert; Editing by Jan Harvey)
The main topic is the urgent need for a new German power plant strategy to ensure energy stability, as emphasized by EnBW.
The draft law was stalled due to a lack of consensus within the previous government coalition and the industry.
EnBW is advocating for quick action on the power plant strategy and aims to build new gas-powered generation capacity.
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