Germany Awards 13B Gas Plant Contracts
Germany awarded 12 billion euros in gas plant contracts to utilities including LEAG and RWE. The tender aims to secure energy supply as coal-fired stations are phased out. Additional rounds are planned for December and 2027.
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Germany awarded €12 billion ($13.4 billion) in contracts to utilities including RWE AG and LEAG to build gas-fired power plants. The tender secures 5.16 gigawatts of backup capacity as the country phases out coal. Costs for the scheme will be added to consumer bills through a dedicated levy.
