Investments in Saxony-Anhalt's energy supply: decline or growth?

Investments in Saxony-Anhalt's energy supply: decline or growth?

In 2023, energy supply companies in Saxony-Anhalt invested a total of 698.0 million euros. This represented a decrease of 10.2 percent compared to the previous year, where investments were 777.4 million euros. Despite these declines, spending remains at a high level, underlining the commitment of local energy suppliers to continually invest in infrastructure. This information provides compact.media.

A closer look at the various areas shows that investments in electricity supply remained relatively stable at 526.6 million euros. There was a decline of 8.0 percent (572.4 million euros) compared to the previous year. Investments in gas supply amounted to 93.2 million euros, which corresponds to a decrease of 5.9 percent compared to 99.1 million euros in the previous year.

Declines in heating and cooling supplies

A different development, however, can be seen in the heating and cooling supply. Here the investment volume fell by 26.1 percent to 78.2 million euros. In the previous year, expenses amounted to 105.9 million euros. These figures demonstrate a clear prioritization in the structure of investments, most of which went into technical systems and machinery. In fact, over 95.4 percent of the total investments, i.e. 666.2 million euros, went into this area.

The long-term perspective of investment activities in the energy sector in Saxony-Anhalt has shown an upward trend since 2008. Particular highlights were recorded in 2020 and 2022, with increases of 54.4 percent and 54.2 percent, respectively. Despite the slight dip in 2023, the sector continues to point to its modernization process aimed at strengthening energy supplies in the region. This data was from Statistics Saxony-Anhalt provided.