Category: 3. Business

  • Limiting user fees for subsidised energy generation plants

    Limiting user fees for subsidised energy generation plants

    “The Federal Government will probably try to link the payment of EEG feed-in tariffs to operators of energy plants to certain minimum requirements for the land use agreements.”

    But what kind of regulation could stipulate the maximum usage fees and how should they be fixed over the lengthy term of usage contracts, usually set for 30 years? A ‘user fee audit’ with an annual review of the amounts paid would result in too much administrative work and be impractical. However, due to the text form requirements of the usage contracts, it could be sufficient for participants in EEG auctions to make a binding commitment to the Federal Network Agency to comply with certain standards. This would ensure no increase in user fees (that have not already been laid out) could be made during the contract term without operator consent. Whether further controls are necessary remains to be seen in practice. Due to the widespread due diligence checks by buyers and financing banks, a market standard should quickly emerge that places importance on complying with these requirements to secure a long-term EEG feed-in tariff.

    The state already has experience with the limitation of remuneration under lease agreements – namely rent brake. Whilst these are very different subject matters – rent brake is intended to counteract the displacement of lower income groups from high-demand residential areas – nonetheless, certain aspects of this measure are comparable. For example, the rent brake’s framework includes mechanisms to decide at what point an apartment’s rent is considered excessive. Similar mechanisms could be used to take action against excessive usage fees.

    What could a limitation model for usage fees look like? Currently there is no ‘energy investment index’. Will there be certain administrative categories or certain value criteria for wind and solar areas in the future? From an operator/developer’s point of view, road and grid connection conditions on site, as well as wind, light and ground conditions would be of interest in determining charges. So far, the German Wind Energy Association (“BWE”) has remained somewhat unprecise on this point: in his view, the link to the tender and the correct control mechanism are “important” for the implementation of the limitation model of usage fees. The BWE prefers a model with a loss of the acceptance of a bid in the auction for EEG feed-in tariffs in the event of violation of a reference remuneration. It therefore remains to be seen which criteria the legislator will consider permissible and how a ‘reference remuneration’ could be determined for regional areas.

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  • German premiere with live flight demonstration: German industry team showcases electromagnetic combat from the air

    German premiere with live flight demonstration: German industry team showcases electromagnetic combat from the air

    In the live flight demonstration in Manching, the team of German defense companies simulated a scenario close to real operations in front of numerous representatives of the German Armed Forces: the evacuation of German citizens from a crisis area equipped with comprehensive air defense systems. A Pilatus PC-12 turboprop aircraft, a simulated Airbus A400M military airlifter, a SHARCS technology demonstrator serving as an unmanned remote carrier, and an SA-8 air defense missile system representing the enemy’s air defense were used.

    The PC-12 was equipped with an electromagnetic surveillance and jamming system. It acted as a stand-off jammer, or jamming aircraft, which detected and classified the SA-8 system from a safe distance, jammed it with electromagnetic countermeasures, and rendered it incapable of combat. Without functioning enemy air defenses, the simulated A400M was able to fly into the crisis area undetected, land, and evacuate citizens.

    The SHARCS remote carrier, equipped with a stand-in jammer, provided support by simultaneously suppressing communications, thereby delaying a response from enemy forces. The seamless communication between friendly forces, the exchange of reconnaissance and effect data, and the processing and AI-supported analysis of the data took place in a secure cloud.

    The demonstration showed how effectively forces of electromagnetic combat (EC) can operate and protect friendly forces during missions. Since EC operates without ammunition and is non-kinetic, there is also no damage.

    The capability demonstrated in the demonstration is an essential component of the German defense project “luftgestützte Wirkung im elektromagnetischen Spektrum” (Airborne Effects in the Electromagnetic Spectrum), or luWES for short, in which the German Armed Forces are building up EC capabilities. Developing the technologies for this is the declared goal of Airbus, bKEC, HENSOLDT, IBM, MBDA, PLATH, Rohde & Schwarz, and Schönhofer. Under the motto “EC made in Germany for Germany,” they want to enable the German Air Force to deploy these capabilities independently and sovereignly. Following the flight demonstration, the next step will be to further develop the individual luWES components.

    luWES will form a “system of systems” consisting of complementary and modular subsystems that provide electromagnetic protection from the air for armed forces. The stand-off jammer operates from a great distance and enables enemy radar and communications systems to be jammed outside their direct range. This not only protects friendly forces, but also increases their effectiveness, as enemy sensors are suppressed before their area of operation is entered.

    The escort jammer operates alongside manned mission platforms. It actively protects them in enemy territory by continuously jamming enemy radar and missile systems. The stand-in jammer penetrates directly into the enemy’s effective range. It suppresses enemy air defense systems at close range, protecting friendly weapons and thus increasing their effectiveness and assertiveness.

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  • Thales Alenia Space to develop SOLiS very-high-throughput laser communications demonstrator

    Cannes, June 30th, 2025 – Thales Alenia Space, the joint venture between Thales (67%) and Leonardo (33%), has been selected by the French space agency CNES, as part of the space component of the France 2030 program launched by the French government, to develop a very-high-throughput laser communications demonstrator.

    Called SOLiS — for Service Optique de Liaisons Spatiales Sécurisées (secure optical space link service) — this project aims to demonstrate the technical and economic viability of an optical communications service relying on geostationary satellites.

    SOLiS © Thales Alenia Space/ E.Briot

    Such a service is designed to make intercontinental networks more resilient at a time when there is a growing number of acts of sabotage targeting land and undersea optical fiber links. Geostationary satellites offer an effective and cost-effective solution for ultra-secure transfers of large amounts of data between two users on Earth, delivering very high data rates of up to one terabit per second despite distances and atmospheric disturbances.

    SOLiS harnesses technologies developed through the government-backed Optical Communications (CO-OP) project led by CNES and a group of 17 SMEs and large primes, and draws on the outcomes of demonstrations delivered for the VERTIGO project funded by the European Commission.

    Thales Alenia Space will lead the SOLiS project consortium, composed of large industry primes and mid-tier firms (Safran Data Systems, Bertin Technologies, Exail, Keopsys), SMEs (Cedrat Technologies), startups (OGS Technologies, Reuniwatt), and a research center (ONERA), most of which have already worked on the CO-OP project.

    SOLiS plans to develop an optical communications payload and a pilot ground station designed to demonstrate very-high-throughput laser communications. In accordance with a memorandum of understanding between Thales Alenia Space and operator Hellas Sat signed in 2024, this payload will be flown on the Hellas Sat 5 geostationary communications satellite, while the pilot ground station will be set up at the operator’s teleport in Cyprus. This station will communicate with CNES’s FROGS station already operating at the Côte d’Azur Observatory on the Mediterranean coast.

    Building on the accomplishments of the CO-OP project, SOLiS will put French manufacturers — large primes, mid-tier firms, SMEs, and startups — at the forefront in space communications for the 2030s as they strive to address the challenges of security, resilience, fast data rates, and multi-orbit interoperability (between the ground, constellations, and geostationary satellites).

    “We are delighted to be starting development of the payload for the optical communications system, marking a crucial step toward establishing a secure, very-high-throughput optical network,” said Alcino De Sousa, Executive VP, Telecommunications at Thales Alenia Space. “Satellite laser communications projects like SOLiS are set to usher in a new era in telecommunications services, driving development of multi-orbit communications networks.”
     

    About free-space optics

    Free-space optics (FSO) is fast becoming the standard for data transmission in space, offering far superior transmission speeds on the order of one terabit per second compared to a few tens of gigabits per second with current satellite communications systems. This technology is expected to revolutionize space communications infrastructures, in the same way that optical fiber has transformed communications here on Earth.

    The European Commission’s VERTIGO project, and CNES’s CO-OP, DYSCO (Démonstration et sYstème SatCom Optique), and now SOLiS projects are focused on research and development, seeking to demonstrate very-high-data-rate space optical links transmitting through the atmosphere to connect a multitude of users via multiple orbits, ground facilities, and applications.

    These developments show that optical communications technology is a good fit for a range of end-to-end applications, including universal Internet access, direct and permanent data transmission from Earth-observation satellites, private links to data centers, and backup for terrestrial optical fiber in the event of a crisis.

    By reducing the number of satellites required, free-space optics will help to make orbital infrastructures more sustainable while curbing space clutter.

    About Thales Alenia Space 

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental monitoring, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the Space Alliance, which offers a complete range of solutions including services. Thales Alenia Space posted consolidated revenues of €2.23 billion in 2024 and has more than 8,100 employees in 7 countries with 15 sites in Europe.
     

     

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  • Fitch Upgrades 3 Uzbek State-Owned Banks to 'BB' on Sovereign Upgrade – Fitch Ratings

    1. Fitch Upgrades 3 Uzbek State-Owned Banks to ‘BB’ on Sovereign Upgrade  Fitch Ratings
    2. Saida Mirziyoyeva hails Fitch upgrade of Uzbekistan’s credit rating as experts see major financial benefits  Daryo.uz
    3. Fitch praises Uzbekistan’s reform path and resilience despite inflation challenges  Trend News Agency
    4. Uzbekistan becomes more reliable for investors  Zamin.uz
    5. Fitch Upgrades Uzbekistan’s Sovereign Rating to ‘BB’ with Stable Outlook  UzDaily.uz

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  • Exclusive: Santander bid would value tsb at more than $3.2 billion, source says – Reuters

    1. Exclusive: Santander bid would value tsb at more than $3.2 billion, source says  Reuters
    2. Santander, Barclays Said to Be Final Bidders for Sabadell’s TSB  Bloomberg
    3. Santander among bidders for Sabadell’s TSB unit By Investing.com  Investing.com UK
    4. Banco Sabadell Considers Offers for UK Unit TSB  PYMNTS.com
    5. Santander and Barclays in race to acquire TSB  Sharecast News

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