Germany’s Green-Energy Aid Adds Up to About 86 Coal-Power Plants

January 11, 2014 by  
Filed under Green Energy News

German subsidies for wind, solar and
biomass energy tallied up to 120.4 billion euros ($164 billion)
since 2002, about 86 times the cost of the latest coal-fired
plant to be completed in Europe’s biggest clean-power market.

The total is for assistance to operators through last year,
the government said in a reply to queries from the Green Party.
Germany paid a record 22.9 billion euros last year, up from 2.2
billion euros in 2002. Trianel GmbH says its 752-megawatt Luenen
coal power plant that started last month cost 1.4 billion euros.

Chancellor Angela Merkel plans to cut the cost of her plan
to shutter Germany’s nuclear reactors and move Europe’s biggest
economy toward renewables. She says the priority for her third
term will be modernizing Germany’s clean-energy subsidies after
rising wind and solar costs sent consumer power bills soaring.

To contact the reporter on this story:
Stefan Nicola in Berlin at
snicola2@bloomberg.net

To contact the editor responsible for this story:
Reed Landberg at
landberg@bloomberg.net

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