New industrial alliance: approval for Berlin’s renewable energy initiative

Under the leadership of the Federal Ministry for Economic Affairs and Climate (BMWK), the German government recently proposed to the EU member states to set up a “European Transformation Technologies Platform.” Its goal would be to expand production capacities for heat pumps, wind turbines, photovoltaics, electrolyzer, and equipment for power grids in Europe. In the platform, governments, industry, and funders are to work together to develop a strategic action plan while looking at investment needs, project sequencing, and regulatory changes. “The action plan could also discuss the need for funding instruments,” said a BMWK spokeswoman.

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