STEAG, has published its strategy to 2022 that aims to cope with the change of market conditions for electricity generation from large conventional power plants in Germany.
Accordingly, STEAG has presented a strategy in which it envisions to close about half its power generation capacity earlier than expected (2025), sell district heating systems and operate wind parks in Germany. The company plans to use its knowledge in large conventional power plants planning, construction, operation and maintenance to develop further generating capacities overseas and to jump on the market of nuclear installations decommissioning. Finally, the company aims to strengthen its position as a developed of district heating and renewable energy projects, mainly in Germany, France and Poland.
STEAG (100% held by KSBG, a consortium of 7 municipal utilities of Nord-Rhine Westphalia) is the fifth largest power generation company with around 8.2 GW (at end-2015) of installed capacity, mainly coal-fired. The company operates 10 power plants in Germany and has stakes in power plants in Colombia, Philippines and Turkey.
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