Photo Feature

Up for sale

A shift to renewable energy and fall in electricity prices has resulted Germany's main power plants shutting shop

Many a power plant in Germany has lost power and are set to be sold off. Thanks to Germany’s shift to renewable energy, which expected to provide 45% of power to Germans by 2025, electricity prices have fallen drastically, resulting in Germany’s largest power producers RWE AG and EON SE selling off their gas-fired plants. RWE has more than six gas-fired generators mothballed in Germany and the Netherlands, which may never be needed in their home market again. With falling gas prices and either the plant or its parts such as the turbines being put on the block in most cases, opportunities are rife for buyers across the world to snap up facilities at a bargain.