The boss of Germany’s biggest grid operator sure hopes so
, a big German power producer . Mr Birnbaum admits he still “too often” finds himself in Berlin, a six-hour drive away from’s headquarters in Essen, talking to policymakers. But at least the coalition government is listening to his concerns, he reports.
Policymakers in Brussels are on the case, too—at least on paper. Earlier this month Kadri Simson, thethat securing permits for grid reinforcements can take up to ten years in Europe. Without certainty about connection to the grid, she warned, renewables projects were being abandoned. Existing clean-power capacity is underutilised. Solar panels, for instance, are frequently switched off when grids are overloaded, because they are flexible and easy to manage.
After a difficult 2022, when investors fretted about the impact of the energy crisis caused by Russia’s invasion of Ukraine,’s share price has rallied by nearly 20% this year. That has given Mr Birnbaum some room for manoeuvre. But if €584bn-worth of grid investments is to materialise by 2030, which Ms Simson estimates is necessary to meet the■
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