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Nexia Ebner Stolz

Economic Sectors

Energy

Since the adoption of the energy turnaround policy in 2011, the energy industry has been faced with the immense challenge of phasing out nuclear power by 2022 while at the same time ensuring a reliable energy supply. Incorporating a growing share of renewable energy sources into the energy mix requires large investments in the power supply network. The need is for innovative and intelligent solutions that will safeguard the energy supply and can also be implemented as fast as possible.

With all that, who can won­der that the energy indu­s­try – from uti­li­ties to pro­vi­ders of equip­ment for gene­ra­ting rene­wable energy to energy con­sul­tants – has its hands full with reo­ri­en­ting its core busi­ness to the future.

Oppor­tuni­ties to pro­fit from fee­ding energy into the grid and dis­tri­bu­ting it, as well as from ope­ra­ting the grid, must be expec­ted to dwindle. At the same time, for­eign com­pe­ti­tion has placed the rene­wable energy mar­ket – espe­cially in solar energy – in a dif­fi­cult posi­tion. There is some ques­tion whe­ther the puni­tive customs duties intro­du­ced by the EU Com­mis­sion will be enough by them­sel­ves. As a con­se­qu­ence, many com­pa­nies will be loo­king into coope­ra­tive arran­ge­ments to tap new areas of the mar­ket.

To handle these chal­len­ges, they need relia­ble part­ners at their side. We’ll be happy to pro­vide the exper­tise we’ve gai­ned from advi­sing and assis­ting a great many com­pa­nies in the energy indu­s­try. With know­ledge of con­cerns spe­ci­fic to the indu­s­try, the requi­re­ments of energy law, and the tax environ­ment, our inter­di­s­ci­p­li­nary team of acco­un­t­ants, audi­tors, attor­neys, tax advi­sors and cor­po­rate con­sul­tants can help you find expert, practi­cal solu­ti­ons.

Our ser­vices at a glance

  • Single-entity and con­so­li­da­ted annual finan­cial sta­te­ments under the Ger­man Com­mer­cial Code and IFRSs for com­pa­nies in the energy indu­s­try
  • Inde­pen­dent busi­ness review and finan­cial fact books
  • Finan­cial, tax and legal due dili­gence
  • Advi­sing on IFRS issues spe­ci­fic to the indu­s­try
  • Assi­s­tance with acco­un­ting reviews by the Finan­cial Repor­ting Enfor­ce­ment Panel (FREP) and spe­cial reviews
  • Tax-opti­mi­zed struc­tu­ring of cor­po­rate groups in energy pro­duc­tion
  • Assi­s­tance with IPOs
  • Cross-bor­der invest­ments
  • Pre­pa­ra­tion of elec­tric power tax returns
  • Moni­to­ring and advi­sing on spe­cial issues con­cer­ning value added tax (e.g., direct mar­ke­ting, mar­ket and fle­xi­bi­lity bonus, reverse char­ging, adjust­ments under the Rene­wable Energy Act)
  • Assi­s­tance with stress tests and pre­pa­ra­tion of the necessary sce­na­rio cal­cu­la­ti­ons
  • Pro­fi­ta­bi­lity cal­cu­la­ti­ons for deci­si­ons on inves­ting in energy gene­ra­ting units (e.g., wind farms, solar farms)
  • Reviews of app­li­ca­ti­ons for limits on real­lo­ca­tion under Sec. 41(2) of the Rene­wable Energy Act for com­pa­nies and inde­pen­dent cor­po­rate units (also under Sec. 41(5) sen­tence 4 of the Rene­wable Energy Act)
  • Ana­ly­sis and opti­miza­tion of energy and elec­tri­city tax impact for com­pa­nies in the manu­fac­tu­ring indu­s­try, espe­cially assi­s­tance with refund pro­ce­du­res for elec­tri­city and energy taxes

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