The planned closure of all nuclear reactors in Germany by 2022 means that Germany needs to retain half of its coal-fired power generation until 2030 to offset the nuclear phase-out, German Economy and Energy Minister Peter Altmaier said on Tuesday. Germany ordered the immediate shutdown of eight of its 17 reactors in the wake of the Fukushima disaster in Japan, and plans to phase out nuclear power plants by 2022. The phasing out of all nuclear power in Germany means that Europe’s largest economy needs to keep half of its coal-fired generation for another decade and possibly extend the deadline for completely phasing out coal, according to Altmaier.
Oil Price 22nd Jan 2019 read more »