Views Article – Sharenet Wealth

Europe, News

Germany to force closures of hard coal power plants by 2027 – draft

BERLIN, Jan 21 (Reuters) – Germany will force the closure of power plants fired by hard coal starting in 2027 if utilities do not take up compensation tenders, a draft law seen by Reuters showed on Tuesday.

The government proposal said tenders for compensation would be assessed between 2024 and 2026 and forced closures would ensue if utilities operating hard coal plants fail to apply. (Reporting by Markus Wacket Writing by Joseph Nasr Editing by Thomas Seythal)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )