German power utility EON SE is likely to increase spending by about €11 billion ($12.9 billion) by the end of the decade as the country makes grid investments more attractive, according to a report from Bernstein.
As one of Europe’s largest grid operators, EON plays a key role in supporting the expansion of renewable power. Following calls from the company and its peers — which rely on regulated assets for much of their income — Germany has proposed changes that would boost returns for investors in the network.