Investment in Germany's Infrastructure: Hasterok Highlights Regulatory Changes and Private Sector Role
Sascha Hasterok emphasizes that Germany's infrastructure requires significant investment, with regulatory changes being more crucial than the proposed 500 billion euros. He notes that effective energy infrastructure development, as seen in the U.S. post-Inflation Reduction Act, will be key in Germany.
Hasterok argues that the private sector must be empowered to invest, as the state can only provide initial support. He highlights the importance of private companies in operating and maintaining energy networks.
Hasterok mentions the German government's intention to invest in Tennet, a major European grid operator. He also discusses the need for resilient infrastructure against global risks, including climate change.
Hasterok explains that investments focus on liquid equity markets for infrastructure, prioritizing regulated markets to ensure stable cash flows. He notes that utilities constitute 65% of their portfolio, emphasizing flexibility and energy storage as critical factors in energy production.
