Germany’s Looming Energy Disaster

windmills

Germany’s suicidal energy policy has led to over half of all planned power plants failing to secure their necessary financial investment. According to Frankfurter Allgemeine Zeitung,  39 of Germany’s 74 large-scale power plant projects are in doubt. By Gaia’s reckoning, failing to build the new stations will leave a 15 gigawatt hole in the country’s installed capacity…

The problem is rooted in Germany’s Energiewende policy, which both dictates that energy from renewable sources must be drawn from the grid before other energy sources, and that consumers must buy it at a fixed, above-market price. When they pull the plug on the last nuclear power plant in 2022, there’s no guarantee the German’s will be able to keep the lights on…


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