We Germans don’t care that “Germany isn’t an ideal place for solar and wind power.” We’re green. And we’re going to stay green and pay green (one of the highest electricity rates in the developed world) until we’re green in the face.
Once, German utilities like E.on and RWE had a sound business model that produced cheap energy from nuclear factories. That’s how the two companies could be kind to investors, workers, and taxpayers…
Then the green revolution caught up with the utility sector, as German government decided to abandon nuclear for green energy. “In the aftermath of the Fukushima catastrophe, the German government (Angela Merkel) has resorted to an overhasted exit from nuclear energy until 2022,” explains investment analyst Martin Burdenski. “This decision was in stark contrast to a lifetime extension of existing nuclear plants in 2010…”
“The companies will now receive compensation for investments made between the lifetime extension in fall 2010 and the abandonment of nuclear energy in 2011.”