German politicians closely watch Chinese company鈥檚 plans to buy share in German grid operator
Chinese grid company SGCC鈥檚 plan to acquire 20 percent share in Germany鈥檚 transmission grid operator 50Hertz worries German politicians and could refuel the debate on establishing a state-run transmission grid company, reports the Handelsblatt. It was a big mistake 鈥渢o turn power grids into sources of profit of arbitrary private investors from Germany and abroad鈥� when the transmission grid was divided between four companies ten years ago, Oliver Krischer, deputy head of the Green Party鈥檚 parliamentary group, told Handelsblatt. Bernd Westphal, Social Democratic (SPD) energy spokesman, said: 鈥淚n principle, there鈥檚 nothing to say against foreign investors, of course. But there must not be a sell-out of critical infrastructure.鈥� Christian Democratic Union (CDU) parliamentary group deputy head Christian Hirte said that the developments at 50Hertz would be 鈥渃losely watched鈥�.
Read the article (behind paywall) in German .
See the 威力彩玩法 dossier The energy transition and Germany鈥檚 power grid and the article Sino-German tandem: Export champions promote global energy transition for background.