Increasingly angry about having to deal with large flows of volatile German wind-produced electricity — and the burden it puts on their national grids — the Czech Republic and Poland are gearing up to take the far-reaching step of installing controlling devices on their borders that would redirect the power back to the sender. That move would be a powerful signal for Berlin to sort out its internal energy market.
New ČEZ boss Daniel Beneš has put forward surprising plans for the Czech state-controlled company to massively invest in hydro and wind power plants in Central Europe and the Balkans. The logic is that that guaranteed subsidies in some countries could generate fast and stable cash flows that could come on line just as construction of two new nuclear units at Temelín is expected to start.
ČEZ Group has acquired a 100 percent stake in TMK Hydroenergy Power, which operates hydroelectric plants in Romania with a total of 18 MW in installed power output. The acquisition is in line with the Czech state-controlled energy group’s long-term policy toward renewable energy. Earlier this week, ČEZ announced it was leaving a much larger nuclear deal in Romania.