Copying and distributing are prohibited without permission of the publisher
Germany's project lenders more ready for nuclear phase-out than developers
01 November 2011
Germany’s nuclear phase-out will mean some increased opportunities for project developers in the longer term. For now, the biggest beneficiaries are neighbouring power exporters. Tom Nelthorpe reports from Berlin.
Read more:
[blackstone]
[advanced power]
[stadtwerke bremen]
[tobi]
[trianel]
The German federal government’s decision in August 2011 to shut down eight of its nuclear reactors permanently, and another nine by 2022, attracted criticism as panicked and poorly thought-out. The decision was a direct consequence of the Fukushima nuclear disaster in Japan, though Germany has long been ambivalent about its use of nuclear power. As more than one observer has noted, imported power, much of it from coal or nuclear, replaced the 8GW of immediate retirements.
Germany’s willingness to embrace wind and solar technologies early and with enthusiasm has given it a substantial base of developers and equipment suppliers. There is a widespread assumption that renewables will be able to replace the retiring nuclear fleet, though no country has ever replaced such a large baseload fleet (roughly 20GW) in such a short time-frame. Germany wants renewables to account for 35% of generation by 2020, and 80% by 2050.Germany's target generation mixSource: PöyryIn...
Take a free website trial to read this article. It’s easy to get a trial – just follow this link or email info@projectfinancemagazine.com.
Or, if you’re a subscriber or have an active trial, simply log in below to read the article.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Subscribe
Free trial
Taking a free trial will give you access to the latest news and analysis, as
well as the online deals database, BenchBase. Start your free trial today.
Free Trial