Energy transition at the limit / new analysis shows financing gap of 185
Billions by 2030
Düsseldorf (ots) – The energy transition in Germany is facing a massive
Financing gap: According to a current analysis of the management consultancy
Kearney will be missing around 185 billion euros to implement the
ambitious expansion goals. Classic financing channels such as state
Funding or bank loans are not sufficient. Are particularly affected
Municipal provider whose debt has almost doubled since 2018. New
Capital sources, such as about private investors or green financial instruments,
are urgently needed. Without structural reforms and stable regulatory
Framework conditions threaten to implement the energy transition – with
Significant risks for economy, society and climate goals.
The political goals for the energy transition are important, their implementation fails
However, increasingly on the economic realities. By 2030, according to one
Current analysis of the management consultancy Kearney Investments in the amount of 675
Billions of euros required to generate power grids, sustainable energy generation,
Hydrogen infrastructure and storage solutions for electromobility
to expand. So far, however, only 615 billion euros have been over their own funds,
Bank loans and funding programs secured – there is a gap of 185
Billions of euros. Especially the combination of increased interest rates, political
Uncertainty and regulatory patchwork more difficult
Investment decisions. Central projects are in arrears: the
Implementation of the municipal heat transition, for example by the expansion of district heating networks,
is also affected as well as the switch to wind energy, the decarbonization in
Traffic sector or the structure of a hydrogen economy. Also investments
In the urgently needed power grid infrastructure could be without additional
Financing to the period after 2030. That wouldn’t just have
direct consequences for security of supply, but also for that
Reach the climate goals.
“If we don’t counteract now, central infrastructure projects will be in
Stocking, “warns Hanjo Arms, partner at Kearney.
that funding gaps are due to the long amortization duration of many projects
further tighten. A cost -efficient transformation remains wide
Share unsecured.
Municipal provider at the limit: Marge sinks, debt increases
The total volume of the necessary investments is clearly above the last
Years and often these have to be financed in parallel. Stadtwerke and regional
Proveners are under particularly high pressure. Your degree of debt has
According to the Kearney from 2.4 times (2018), an average of 4.0 times (2023)
increased. At the same time, the average earnings level during this time is
13.5 percent dropped to 8.4 percent.
“Many municipal utilities are at the upper limit of what commercial banks and
Sparkassen still finance, “says Christian Feldmann, also a partner at
Kearney. When investing in networks, warmth and decarbonization
Smaller suppliers often confronted with restrictive lending criteria.
Particularly problematic: a large part of the investments are legally
prescribed, prioritization through economy is hardly possible.
In particular, municipal providers with social and ecological
Care orders in trouble.
Private investors as a solution? Capital is there, but difficult to activate
The need for financing can only be concluded through new sources of capital,
Feldmann emphasizes: “There are around 2,830 billion euros on German savings accounts.
A fraction of it would be enough to secure the energy transition. “In addition
If over 100 billion euros are available from European infrastructure funds.
“But this capital only flows when we create suitable vehicles
Tax incentives, stable regulation and calculable returns, “so
Feldmann.
ELTIFS (European Long Term Investment Funds) or Green Bonds, for example
Private investors also make it possible to long -term
To participate in infrastructure projects such as network expansion or wind energy projects
and thus enable a necessary contribution to mobilization additional
Capitals. Also public-private partnerships and new forms of financing
such as mezzanine capital, i.e. a mixture of foreign and equity, could
help close the gap.
At the same time, according to Feldmann, the financing culture in the
Industry: “Many municipal utilities are actively working on improving their
commercial control – from integrated corporate planning to
Liquidity preview. For heavily indebted suppliers, a
Transparent financial reporting for a prerequisite for further debt
Received – there is a lot to do here. “
No energy transition without social acceptance
Citizens’ participations – for example in the form of municipal bonds, local pleasure notes
Or direct participations in energy projects – could a crucial one
Be lever to anchor the financing of the energy transition locally. She
mobilize capital that otherwise remains unused and create at the same time
Transparency and responsibility. Especially in the case of projects such as heating networks,
Wind farms or photovoltaic systems increase an active integration of the
Population social acceptance and can plan and
Accelerate approval processes.
“If projects are transparent and locally anchored, identification increases –
This not only strengthens financing, but also the trust, “says Arms.
In addition, a lack of solution to the problem also has society as a whole
Consequences. If the energy transition does not remain affordable, a massive threatens
Loss of trust. Even today, energy prices in Germany are up to 60
Percent higher than in important competitive markets. That doesn’t just burden
Energy -intensive companies, but also low -income households. “The
Social justice comes under pressure as well as the industrial
Competitiveness, “says Arms.” The renovation of the energy system not only has to
Climatically sensible, but also economically sustainable and social
Be conceivable – otherwise there is a risk of a setback with political explosives. “
About Kearney
Kearney is one of the leading global management consultations. Since almost 100
Years trust us management levels, government agencies and non -profit
Organizations. The recipe for success to break through our clients
help? Our employees: inside with their individual interests and
Strengthen. And our drive not only to put great ideas on paper, but also
also implement. http://www.de.kearney.com
Press contact:
Verena Herb
Director Marketing & Communications Dach
At Kearney GmbH
Dreifeinshaus1
40211 Düsseldorf
Tel.: +49 175 2659 363
mailto: [email protected]
Further material: http://presseportal.de/pm/15196/6061967
OTS: Kearney