伯恩斯坦公用事业日报- 6月3日

www.bernsteinresearch.com •German cabinet set to approve first tax relief package on Wednesday (Reuters).The German cabinet wants to approve a firsttax relief package to support companies on Wednesday, the finance ministry said on Monday. The aim is to boost investment withfavourable depreciation options for companies, including "super depreciations" of 30% per year for three years. The first package alsoincludes the promised reduction of corporate tax rate by one percentage point per year over five years beginning in 2028. Additionally,to encourage purchases of electric cars, the package includes temporary tax deductions for buyers. The spokesperson said thereare ongoing discussions on how to bring the draft law to parliament before the summer break. Additional measures, such as theestablishment of the €500bn infrastructure fund, should be brought to the cabinet together with the draft budget for 2025 on June25 and the first draft for the 2026 budget on July 30.•EU climate chief lobbied Germany to back weakened 2040 goal (Politico).EU Climate Commissioner Wopke Hoekstra hassuccessfully influenced Germany’s coalition government to support a controversial measure that weakens the EU’s 2040 climatetarget. Hoekstra lobbied Germany’s Christian Democrats and Social Democrats during their coalition negotiations. He persuadedthe SPD to endorse the European Commission’s recommendation for a 90% reduction in emissions, contingent on the inclusion ofinternational carbon credits, a mechanism allowing the EU to offset emissions by funding climate projects in poorer countries. Thisagreement, finalized in April, now serves as Germany’s baseline position in EU-level discussions. Hoekstra’s efforts were pivotal, asGermany’s support is crucial for advancing the 2040 target, which bridges the EU’s 2030 goal of a 55% emissions cut and its 2050net-zero ambition. The Commission’s formal proposal, initially delayed due to insufficient support, is now expected in July.•CyrusOne and E.ON announce strategic data center partnership (E.ON). CyrusOne, a leading data center owner, developerand operator, has partnered with E.ON to design and develop innovative local power generation solutions for data centers. ThisPreferred Partnership aims to address grid capacity constraints in Frankfurt, Europe’s largest data center hub, and expand energysolutions across the continent. The collaboration will focus on local power generation, grid support, PPAs, and heat management,providing near-term capacity in key markets facing grid delays. The first project under this partnership involves E.ON EIS designing apower generation system to supply CyrusOne’s FRA7 hyperscale data center in Germany. This system will add an additional 61MWof electrical output by 2029, expanding its capacity to 126MW.IBERIA•Almaraz nuclear plant 3-y life extension seems closer (El Economista).The Minister of Ecological Transition, Sara Aageseninformed the Secretary General of the PSOE of Extremadura, Miguel Ángel Gallardo. That the Spanish government will process theextension for the Almaraz Nuclear Power Plant operations if the owning companies formally submit the request. According to thearticle, sources from the Energy & Climate Ministry informed Europa Press that the commitment is to process the extension, notto automatically prolong the plant's operational life. The utilities pointed that the last fuel reloads for the Almaraz nuclear powerplant are scheduled for the end of March 2026—for Unit I—and the end of March 2027—for Unit 2. On the companies’ side, Endesaand Iberdrola have expressed willingness in recent months to extend the operational life of the Almaraz nuclear power plant if theconditions are met.•Spain opens funding round targeting 2.5-3.5GW of new power storage capacity (Platts).Spain’s government has opened afunding round for batteries and pumped storage, aiming to subsidize between 2.5GW and 3.5GW of capacity. The scheme targetsawarding up to €700m of European Regional Development Funds, known as FEDER, to around 100 projects, with a heavier weightingfor less-developed regions. The scheme offers direct co-financing grants for up to 85% of the investment. The finance ceiling perproject is €250/kWh for standalone batteries and €300/kWh for standalone with grid forming or thermal storage. The upper limit forhybrid storage will be determined depending on technology type. For new pumped storage, the upper limit will be €1,500/kW whilethe upper limit for existing storage sites is €1,000/kW, the ministry said. All projects must be ready by the end of December 2029.•Solar still leads Spain's May power mix despite post-blackout restrictions (Platts).Gas-fired generation in mainland Spainrebounded 80% year on year in May while hydro output rose 23%, amid restrictions for solar and wind and reduced nuclear output,data from grid operator Red Electrica showed. Solar PV still topped Spain’s monthly power mix with 4.9TWh generated, but outputdropped 17% year on year a