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Germany's largest energy company, RWE, is returning to the electricity grid business by acquiring a majority stake in Amprion. The CEO, who was initially reluctant a year ago, now sees a significant opportunity.
The 'Hessen 5' section of the Rhein-Main-Link power line has been successfully planned, with grid operator Amprion engaging in dialogue with municipalities and residents to find a widely accepted solution.
German energy company RWE announced plans for a $4.7 billion capital raise to acquire a majority stake in power grid operator Amprion, signaling a significant investment in energy infrastructure.
The CEO of Amprion, a major German transmission system operator, has expressed significant concerns about the success of the next phase of the energy transition. He stated that the power grid is at full capacity, describing network connections as being as scarce as "noodles in the Corona crisis."