Weather Morning: 9°c Sunny spells Afternoon: 10°c Sunny spells

Business

Wind power blow as Germans stay nuclear

14 Oct 2009


Renewable energy industries in Germany are set for a double blow as the new government plans to increase the life of nuclear power stations while reducing subsidies for wind and solar farms.

“Experts warn the nuclear power comeback will retard the development of expensive wind power plants for years and cost jobs,” warned news magazine Der Spiegel this week.

Leaked documents of talks between Chancellor Angela Merkel's conservative CDU party and her junior partner in power, the FDP, show they intend to overturn a law passed in 2002 by the Social Democrats scrapping nuclear power by 2020.

“Atomic energy will be required as a bridge technology until affordable, climate-friendly energy sources are reliably available in sufficient quantities. The limit on German reactor lifetimes to 32 years is thus rescinded,” reads the paper.

Companies like E.on and RWE are reportedly rowing back in Germany on their committment to wind power as the extension of nuclear power will soon become law.

They stand to make billions in extra profits as a result of extended reactor lifetimes.

Merkel's conservatives and the FDP also want to resume research into the suitability of the Gorleben salt mines as a nuclear waste repository.

Reader views (1)

 Add your view

At least Germany, like France, have realised that all the rubbish talked about windpower and solar power is just that, a load of hot air. How long will it be before this poor excuse for a Government also realise that it is all a load of old codswallop, and instead of spending billions to satisfy a few green sandle wearing hippies and rip off wind farm companies they should be investing in long term reliable energy sources such as modern state of the art nuclear power stations. Somehow I doubt that ensuring Britain is self sufficient in electricity generation comes low down on their priorities, as they wont be in power this time next year. No doubt they will blame future power cuts on the consumer for having the cheek to turn on their heaters to keep warm in the winter, or boiling a kettle for their morning cuppa.

- Pat, Banstead, Surrey, 14/10/2009 11:46
Report abuse


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • Slump looms in eurozone as economy takes a dive Euro Europe's lingering debt crisis has pushed the eurozone closer to recession as the beleaguered single currency bloc's economy shrank for the...
  • Sports Direct is on right track Mike Ashley Sports Direct is on track to hit its "super-stretch" profit targets this year, passing the first hurdle that could see it hand founder Mike...
  • Bank may turn off printing presses as inflation drops Mervyn King The Bank of England's latest £50 billion burst of quantitative easing may be the last time it needs to resort to the printing presses
  • Online orders on mobiles lift Domino's Pizza Domino's Pizza UK said its online sales have powered ahead to account for more than half of delivered sales
  • Thorntons calls in a former Gunner to help turnaround Thorntons The chocolatier Thorntons has turned to the former boss of Arsenal football club to turn around its fortunes
  • Frothy profits at Heineken Beer The economy might be in dire straits but Brits still love a pint down the pub
  • French banks face battering on exposure to Greek debt French banks look set to take one of the biggest haircuts on Greek debt as the country's largest, BNP Paribas, has said it had raised its provisions on Greek sovereign bonds to 75%
  • LandSecs £1bn joint venture for Victoria A £1 billion-plus redevelopment is on the way at Victoria station
  • Morgan Crucible results surge on emerging market growth Morgan Crucible reported highest-ever full-year results, helped by strong performance across both its divisions, and reiterated that 2012 growth would be driven by new products and emerging markets
  • Hotel giant goes for Olympic gold as profits wow the City Intercontinental Hotels Hotelier InterContinental Hotels is looking to emerging markets and especially China to drive future growth
  •  
    Market Roundup
    TUESDAY UPDATE

    Valentine's massacre as City dumps Hampson

    No one likes getting rejected on Valentine's Day

    More