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E.On Germany: Giving up nuclear power costs between Euro 0.5-1 billion per reactor

9 October 2014
Electricity
Bogdan Tudorache

Berlin. Germany is ready to give up to those 17 nuclear reactors that it owns, but the costs of dismantling and storage will reach 500 million-1 billion euros per reactor, said for energynomics.ro the director of E.ON, Joachim Lang.

Renouncing the nuclear industry is part of the new policy Energiewende, or energy transition, which has advanced apace especially after the Fukushima disaster. Germany has decided to eliminate a large part of traditional sources of power generationl – if not 100% – up to 2050 A first step would be abandoning nuclear energy, a movement that displays an ambitious target: 2022.

“There are many reasons for which we decided to abandon nuclear power. We have created Energiewende, a policy shift to green energy to escape the dangers and hazards related to conventional energy. I think that we will have a 100% renewable energy earlier, in 2035”, says Andreas Kraemer, Director of Ecologic Institute in Germany.

Although Joachim Lang doesn’t believe that German industry would accept Energiewende program anytime soon, denouncing the lack of similar programs in neighboring countries, he argues that Germany has invested about 10 billion euros in the last seven years in renewables and only needs to find a solution for periods in which solar and wind can not be available as a result of bad weather, interruption period in Germany called “November phenomenon”.

However, Germany needs 20 billion euros to improve its networks, said Lang. He added that E.ON, a 100% private company, merged power generation divisions into one, to facilitate the transition from conventionalsources to renewable ones. More details in the magazine energynomics.ro Magazine, this November.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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