• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 5 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 2 hours America's pandemic dead deserve accountability after Birx disclosure
  • 3 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 3 days Fukushima
  • 3 days Biden about to face first real test. Russia building up military on Ukraine border.
  • 2 days CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days Joe Biden's Presidency
  • 2 days New Chinese Coal Plants Equal All those in U.S.A
This Strategic Shift Could Make Big Oil Much More Profitable

This Strategic Shift Could Make Big Oil Much More Profitable

After years of dilly-dallying, oil…

WoodMac: Oil Prices Could Drop To $10 In 2050

WoodMac: Oil Prices Could Drop To $10 In 2050

Brent Crude oil prices could…

Costs of Shuttering Germany’s Nuclear Plants Deemed High

In the wake of the 11 March Fukushima nuclear meltdown, Germany’s Bundestag handed its green movement its biggest victory yet, passing a resolution to close virtually all 17 of the nation’s nuclear power plants. Seven plants were immediately closed, an eighth was offline at the time of the resolution with technical problems, while the remainder are to be passed out by 2022.

The seven nuclear power plants immediately shut down after Fukushima include Biblis A and B, Neckarwestheim 1, Brunsbuettel, Isar 1, Unterweser and Philippsburg 1 and will not be reconnected to the national power grid, while the offline reactor in Kruemmel will be decommissioned, Sueddeutsche Zeitung reported. The Federal Grid Agency will decide over the next few months as to whether a single nuclear power plant is to remain on standby until 2013 in the event of unexpected electricity shortages. With the possible exception of a reactor remaining on standby, the remaining nine will be shut down by 2022: Grafenrheinfeld in 2015, Gundremmingen B in 2017, Philippsburg II in 2019, Grohnde, Brokdorf, and Gundremmingen C in 2021, Isar II and finally Neckarwestheim II, and Emsland in 2022.

Germany’s new energy policies will depend on the installation of new renewable power capacities with an amendment to the Renewable Energies Act stipulating the doubling of the nation’s share of green power to 35 percent minimum no later than 2020 with an especial emphasis on offshore wind farms. The government has offered to make available $7.26 billion in loans through the Reconstruction Loan Corporation (KfW) for the construction of the first 10 wind farms. German consumers already contribute approximately $18.8 billion in subsidies to green energy providers through their electricity rates.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News