The Limited Times

Now you can see non-English news...

Renewable energies, tanks and missiles

2022-02-28T13:53:59.716Z


Germany wants to become independent of Russian gas imports as quickly as possible - and at the same time massively increase its defense budget. On the stock market, the providers of renewable energies are making double-digit gains. Defense companies are also considered future values ​​again.


Enlarge image

In demand on the stock exchange:

Wind turbines have long been considered technology for a better future.

Now also armament technology is added

Photo: GEORGES GOBET/ AFP

Tanks, airplanes, wind turbines, solar systems: These things are coveted goods if Germany wants to realign its security and energy policy in the long term.

In a special session of the Bundestag on Sunday, Chancellor Olaf Scholz not only presented a "special budget for the Bundeswehr" amounting to 100 billion euros, but also emphasized that Germany would reduce its dependence on natural gas from Russia.

This should succeed in the short term through higher imports of liquefied gas, but in the medium and long term primarily through the accelerated expansion of renewable energy sources.

In the hope of an accelerated energy transition, investors are investing in green electricity values ​​on Monday.

The shares of the wind turbine

manufacturer Vestas

headed for the largest daily gain in more than seven years on Monday in Copenhagen with an increase of almost 13 percent at times.

The title of the rival

Nordex

increased about 18 percent, as strong as last year and a half.

Siemens Gamesa advanced a good eleven percent in Madrid.

The papers of the green electricity providers

Orstedt and EDP Renovaveis

gained up to ten percent.

In the Dax, the

Siemens Energy

share rose by more than 6 percent.

The analysts at Citigroup predicted that the increase in natural gas prices as a result of the Russian invasion of Ukraine would accelerate the expansion of renewable energies across Europe and especially in Germany.

Many countries have so far lagged behind their own plans.

If Germany achieves its ambitious goals, this could

bring Vestas and Nordex

additional sales of up to around 15 percent by 2026.

With additional green electricity capacities, Germany would become less dependent on Russian natural gas supplies.

This means that the providers of renewable energies were among the few winners in a weak stock market environment on Monday, together with European armaments companies such as Rheinmetall and Hensoldt, which at times posted price gains of more than 40 percent.

la/dpa

Source: spiegel

All news articles on 2022-02-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.