Details of the @uniper_energy #recapitalisation so far. €34.5 billion deal has been struck by the DE gov to renationalise the company. EU had some strict conditions to avoid competition infringements. @e3g @EurBeyondCoal🧵1/ Commission has asked for an exit plan from DE gov by end of 2023 to reduce DE gov shareholding to 25% by latest 2028. That's 5 years max under state control. 2/

I think the only thing that is clear at the moment in terms of #coal #phaseout in #Germany is no one has the faintest clue when this will happen. 🧵1 #SPD Prime Minister of #Brandenburg has said 2032 if renewables can be depended on to make cheap electricity. Well we already know they can, just need to build them out. 2/

.@e3g alongside @WWF_Deutschland @urgewald @Umwelthilfe @Germanwatch and others co-signed a letter asking the German government to use the nationalisation of @uniper_energy as a tool to make transition happen faster. Here's a write up in the Handelsblatt. handelsblatt.com/unternehmen/en… The letter says that @uniper_energy did not respond well to the illegal invasion of Ukraine by Russia and still maintained that their main supplier of gas (Russia) was a reliable partner right up until the first bombs were dropped on Kiev.