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VSB Group's Wind Expansion Plan Faces Saxon Headwinds

VSB Group's ambitious wind expansion plans hit a snag in Saxony. Recent legislative changes and industry concerns threaten to slow growth and competitiveness.

In this picture there are houses and trees in the image and there are cars on the road and there...
In this picture there are houses and trees in the image and there are cars on the road and there are towers and windmill in the background area of the image.

Chambers demand adherence to area target for wind power - VSB Group's Wind Expansion Plan Faces Saxon Headwinds

VSB Group, a Dresden-based developer, has unveiled plans to expand Saxony's wind energy sector. However, the initiative faces criticism from industry and chambers of commerce due to recent legislative changes in the state parliament.

In September, the Saxon state parliament delayed the wind power area target, aiming for 1.3 percent by 2027 and two percent by 2032. The chambers of industry and commerce argue that wind power and storage are crucial for a stable energy supply, and the two-percent target was a step in the right direction.

The three Saxon Chambers of Industry and Commerce (IHK) oppose the parliament's decision to scrap the two-percent area target. They fear this will hinder the sector's expansion and make Saxony less attractive for investments due to high costs in gas and coal power, CO2 pricing, and increasing sustainability requirements in financing. The chambers also warn that constant changes in political framework conditions unsettle companies and threaten competitiveness.

VSB Group's initiative to expand Saxony's wind energy sector faces challenges due to recent legislative changes. The industry and chambers of commerce argue that the revised targets and constant changes in regulations could hinder growth and competitiveness.

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