• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 12 hours America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 3 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 4 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 5 days United States LNG Exports Reach Third Place
  • 5 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
RBC Predicts Prolonged Challenges in EV Market

RBC Predicts Prolonged Challenges in EV Market

RBC's analysis suggests that the…

Solar Panel Waste is Becoming a Big Problem

Solar Panel Waste is Becoming a Big Problem

Despite regulations mandating proper disposal,…

Germany Remains Firmly Anti-Nuclear Despite Energy Crisis

Germany’s government has no intention of changing its policies on nuclear energy even as worry about a halt to Russian gas supplies intensifies among politicians.

Following calls from opposition parties to discuss the extension of the lives of Germany’s three remaining nuclear power plants, Chancellor Olaf Scholz said the decision on these power plants had already been made.

“We also know that building new nuclear power plants makes little sense,” Scholz told media s quoted by the AP, adding “If someone decides to do so now they would have to spend 12-18 billion euros on each nuclear power plants and it wouldn’t open until 2037 or 2038. And besides, the fuel rods are generally imported from Russia. As such one should think about what one does.”

Instead of prolonging the lives of its nuclear power plants, Germany will extend the life of coal plants and use them in case it needs to, the AP reported separately. The plants will be kept on standby for almost two years in case a gas supply outage occurs. The country already has several coal and oil-powered power plants on such standby in case of supply disruption.

The biggest bet Germany is making in the energy department, however, remains wind and solar. As of 2021, the country had a total renewable power capacity of 138.2 GW, which was 5 percent higher than the previous year. Last year, solar capacity overtook onshore wind capacity for the first time.

The whole European Union is doubling down on wind and solar now, with the sanctions on Russian energy, and plans to greatly simplify the licensing procedure for new wind and solar installations in a bid to spur fast growth.

Per the REPowerEU plan, the bloc eyes having 45 percent of its electricity generated from renewables by 2030, an upward revision of the previous target, which was 40 percent

By Irina Slav for Oilprice.com


More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News