Topic
germany
Commodities India's renewable energy boom could make Germany a customer for green hydrogen
German ambassador Philipp Ackermann said Germany could become a buyer of Indian green hydrogen, highlighting the renewable energy partnership. The collaboration includes an MoU between ThyssenKrupp and BHEL for electrolyzer localization and a focus on AI and the India-EU FTA.
E-Commerce & Marketplaces Vinted taps DHL's Germany collection points to expand second-hand marketplace
Vinted has partnered with DHL to integrate Germany's largest parcel network, including Packstations, Poststations, and DeinFach lockers, into its platform. The partnership aims to make peer-to-peer second-hand transactions as convenient as retail e-commerce, with a focus on locker-to-locker shipping. DHL plans to expand its automated network to over 30,000 locations by 2030.
Logistics Pelagic Credit Completes $47.4m Sale-and-Leaseback of Three Hartmann Handysize Bulkers
Oslo-listed Pelagic Credit has closed a $47.4 million sale-and-leaseback transaction for three Hartmann-controlled handysize bulkers, marking its entry into the dry bulk sector. The vessels will be chartered back to Hartmann on seven-year bareboat contracts, adding over $107 million to Pelagic Credit's backlog.
Commodities German Offshore Wind Adds 1.1GW in H1 2026 as Industry Demands Reform
Germany added 1.1GW of offshore wind capacity in the first half of 2026, bringing total installed capacity to 10.8GW. Industry associations, led by BWO, are urging the government to replace the negative bidding system with contracts for difference to improve bankability and attract investment for future projects.
Manufacturing Volkswagen Planning to Cut Up to 100,000 Jobs Globally, Twice Previous Target
Volkswagen Group CEO Oliver Blume confirmed the automaker is targeting up to 100,000 job cuts globally, double the previously stated 50,000. The move follows a steep profit decline, falling sales in China and the US, and rising competition from Chinese brands. Talks with unions and potential factory closures in Germany remain under discussion.
Business Raymond in talks to acquire German aerospace engineering firm Deharde
Raymond is in discussions to acquire Deharde, a German precision engineering company that supplies aerostructures to Airbus and other OEMs. If completed, the deal would be Raymond's first overseas acquisition since its 2024 restructuring and would expand its aerospace manufacturing footprint, adding a European certified supplier relationship.
Business RWE Acquires Indirect Majority Stake in German Grid Operator Amprion
German utility RWE has acquired an indirect majority stake in transmission system operator Amprion, increasing its total shareholding to 55%. The transaction supports Amprion's €42 billion investment plan to expand Germany's grid by 2030.
Commodities Skyborn Takes Full Control of Nordergründe Offshore Wind Farm in German North Sea
Skyborn Renewables, a German offshore wind developer owned by BlackRock's Global Infrastructure Partners, has acquired full ownership of the 111MW Nordergründe offshore wind farm in the German North Sea. Previously holding a 30% stake, Skyborn now gains complete control over the asset's optimisation and long-term management. The wind farm, commissioned in 2017 and consisting of 18 turbines, supplies renewable electricity to approximately 90,000 households.
Commodities Germany Reconsiders Coal Phase-Out as Gas Prices Surge Amid Iran Conflict
Germany currently generates 20% of its electricity from coal but had pledged to phase out by 2038. However, a surge in global gas prices after the US-Israel conflict with Iran has prompted reconsideration. Chancellor Friedrich Merz questioned phase-out plans, and energy firm LEAG welcomes potential reprieve.
Business Skyborn Renewables Sells 25% Stake in German Baltic Sea Wind Farm Gennaker
Skyborn Renewables, a BlackRock-owned offshore wind developer, has agreed to sell a 25% stake in the Gennaker wind farm in the German Baltic Sea to Stadtwerke München. The 976.5 MW project, once completed, will be the largest offshore wind farm in the German Baltic Sea and is expected to power approximately 1 million homes annually. The transaction is subject to regulatory approvals and construction financing closing, targeted for Q3 2026.
Commodities Germany Reconsiders Coal Phase-Out as Gas Prices Surge Amid Iran Conflict
Germany, Europe's largest coal power user, is reconsidering its coal phase-out due to a surge in global gas prices following the US-Israel conflict with Iran. Chancellor Friedrich Merz has signalled a potential loosening of phase-out plans to ensure affordable electricity for industry. Energy firm LEAG welcomes the shift, while environmental researchers urge a faster transition to renewables.
Commodities Amazon Signs 600MW PPA for Germany's Largest Baltic Sea Offshore Wind Farm Gennaker
Amazon has signed a 600MW power purchase agreement (PPA) with Skyborn Renewables for the Gennaker offshore wind farm in the German Baltic Sea. The project, expected to be Germany's largest Baltic Sea wind farm with up to 976.5MW capacity, will feature 63 15MW turbines and is slated for operation by end of 2028.
Commodities Germany Rejects TotalEnergies Request to Surrender Offshore Wind Site, Minister Says Concession Binding
Germany has rejected TotalEnergies' request to surrender its NordseeEnergies 2 (NSE2) offshore wind site in the North Sea, with Economy Minister Katherina Reiche stating that concession awards are binding. TotalEnergies had sought to exit the 1.5GW project amid grid connection delays. In contrast, the US has spent nearly $2.6bn on offshore wind license buybacks, including nearly $1bn for TotalEnergies' two leases.
Commodities Siemens Energy and NSORe Consortium Wins Offshore Converter Deal for German Grid Link
German TSO 50Hertz has awarded a consortium of Siemens Energy and Neptun Smulders Offshore Renewables a contract to construct converter systems for the North Sea Connector 2 grid connection project. The turnkey delivery includes onshore and offshore installations, with fabrication in Rostock and Vlissingen, creating over 500 jobs. Commissioning is expected by end 2034. Negotiations for a second identical platform are underway.
Business Germany’s security tech Giesecke+Devrient bets Rs 1,100cr on India, eyes acquisition
Giesecke+Devrient (G+D), the German security technology group, is investing Rs 1,100 crore in India in 2026, targeting digital infrastructure and localisation. The company is also looking at acquisition opportunities in fintech and digital security, as CEO Ralf Wintergerst highlights the 'cash paradox' where digital payments grow but cash remains resilient.
Technology German Court Rules Google Liable for False AI Overviews: A Global Precedent
The Munich Regional Court preliminarily ruled that Google is liable for false statements generated by its AI Overviews feature, marking a significant departure from traditional search engine protections. The court held that AI systems producing 'independent, new, and substantial statements' make the operator responsible, ordering Google to remove defamatory content and cover 80% of legal costs. The decision could set a precedent for AI liability globally.
Commodities Global Offshore Wind Capacity on Track to Quadruple to 420 GW by 2035
A new report from the Global Wind Energy Council (GWEC) forecasts that global offshore wind capacity will quadruple to 420 GW by 2035, driven by a 24% CAGR between 2026 and 2030. In 2025, over 9 GW were added, bringing cumulative capacity to 92.5 GW. China led with 6.6 GW of new installations, while Europe added 2 GW.
Business German Retailers Anticipate Modest World Cup Sales Boost
German retailers expect only a modest boost in sales from the World Cup, as the event is held outside Germany. A survey by HDE indicates that only a quarter of retailers are stocking World Cup-related products, with limited impact anticipated across sectors.
Logistics Heung-A Expands Fleet with Six New Chemical Tankers
South Korea's Heung-A Shipping has ordered up to six new chemical tankers from China's Wuchang Shipbuilding, marking a significant fleet expansion. This move reflects competitive pricing and strategic capacity growth in the chemical shipping sector.
Technology India and Germany Collaborate on Quantum and Space Tech
India and Germany are strengthening their partnership in quantum communication and space technology. The collaboration aims to leverage complementary strengths in these fields, enhancing innovation and research outcomes.
Commodities HAS Invests in Nano-Agriculture for Indian Farmers
Germany-based HAS is investing €1 million in India's nano-agriculture sector to introduce advanced nanotechnology solutions. This initiative aims to reduce chemical dependency and improve crop yields for Indian farmers.