Cost of nuke phase-out ‘could near €2 trillion’

Tech giant Siemens has warned that Germany’s nuclear phase-out could cost the country nearly €2 trillion by 2030, much higher than previously estimated.

Cost of nuke phase-out 'could near €2 trillion'
Photo: DPA

“This will either be paid by energy customers or taxpayers,” the Siemens board member in charge of energy issues Michael Süß told the Reuters news service, estimating costs of about €1.7 trillion. “As an industry, Germany has always reached it goals. Now the whole world is looking at us. If the energy shift should fail … it would undermine Germany’s credibility as an industry nation.”

Reuters news agency said the estimate was based on the costs of expanding renewable energy sources. Costs could be reduced if Germans relied more on gas, Süß said.

Siemens built all of Germany’s 17 nuclear plants and offered technical support until the German government announced last spring it would begin phasing out nuclear energy in the wake of the Japanese Fukushima earthquake and tsunami disaster, with a shut down largely complete by 2022.

Jürgen R. Großmann, head of German energy provider RWE, has previously estimated phase-out costs of up to €300 billion. State-owned investment bank KfW has estimated costs of about €250 billion over the next ten years.

While green campaigners have hailed the end of German nuclear energy, industry leaders have repeatedly warned that the country’s power grid would be put at risk in future years.

The Local/mdm

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Sweden to stop local governments blocking wind parks in final stages

Sweden's government has proposed a new law which will remove local municipalities' power to block wind parks in the final stages of the planning process, as part of a four-point plan to speed up the expansion of wind power.

Sweden to stop local governments blocking wind parks in final stages

“We are doing this to meet the increased need for electricity which is going to come as a result of our green industrial revolution,” Strandhäll said at a press conference. 

“It is important to strengthen Sweden by rapidly breaking our dependence on fossil fuels, building out our energy production and restructuring our industry. The Swedish people should not be dependent on countries like Russia to drive their cars or warm their homes.”

“We are going to make sure that municipalities who say “yes” to wind power get increased benefits,” she added in a press statement. “In addition, we are going to increase the speed with which wind power is built far offshore, which can generally neither be seen or heard from land.” 

While municipalities will retain a veto over wind power projects on their territory under the proposed new law, they will have to take their decision earlier in the planning process to prevent wind power developers wasting time and effort obtaining approvals only for the local government to block projects at the final stags. 

“For the local area, it’s mostly about making sure that those who feel that new wind parks noticeably affect their living environment also feel that they see positive impacts on their surroundings as a result of their establishment,” Strandhäll said.  “That might be a new sports field, an improved community hall, or other measures that might make live easier and better in places where wind power is established.” 

According to a report from the Swedish Energy Agency, about half of the wind projects planned since 2014 have managed to get approval. But in recent years opposition has been growing, with the opposition Moderate, Swedish Democrats, and Christian Democrat parties increasingly opposing projects at a municipal level. 

Municipalities frequently block wind park projects right at the end of the planning process following grassroots local campaigns. 

The government a month ago sent a committee report, or remiss, to the Council on Legislation, asking them to develop a law which will limit municipal vetoes to the early stages of the planning process. 

At the same time, the government is launching two inquiries. 

The first will look into what incentives could be given to municipalities to encourage them to allow wind farms on their land, which will deliver its recommendations at the end of March next year. In March, Strandhäll said that municipalities which approve wind farm projects should be given economic incentives to encourage them to accept projects on their land. 

The second will look into how to give the government more power over the approvals process for wind projects under Sweden’s environmental code. This will deliver its recommendations at the end of June next year.