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Feb 10, 2012

Germany jails Kosovan for life for U.S. airmen murder

FRANKFURT, Feb 10 (Reuters) – A German court found a
Kosovo-Albanian man guilty on Friday of killing two U.S. airmen
in a gun attack at Frankfurt airport in March 2010 and wounding
two others, sentencing him to life in prison.

Arid Uka, a 22-year-old who was raised in Germany, has
confessed to the attack and said he acted after seeing a video
apparently showing U.S. soldiers raping Muslim women.

Feb 1, 2012

German solar groups could thrive on subsidy fears

FRANKFURT (Reuters) – Fears Germany will cap or cut green energy subsidies is boosting demand for solar panels, and uncertainty about the shape of the measures could give the country’s battered solar sector an advantage against Chinese rivals.

Installations of solar panels have boomed in Germany over the last two years due to feed-in tariffs, lavish subsidies utilities are forced to pay by the government to those who generate their own solar power. Ultimately power companies pass on the costs to their customers.

Feb 1, 2012

Analysis: German solar groups could thrive on subsidy fears

FRANKFURT (Reuters) – Fears Germany will cap or cut green energy subsidies is boosting demand for solar panels, and uncertainty about the shape of the measures could give the country’s battered solar sector an advantage against Chinese rivals.

Installations of solar panels have boomed in Germany over the last two years due to feed-in tariffs, lavish subsidies utilities are forced to pay by the government to those who generate their own solar power. Ultimately power companies pass on the costs to their customers.

Jan 24, 2012

Solar crisis triggers Q-Cells debt restructuring

FRANKFURT, Jan 24 (Reuters) – Q-Cells said
it would restructure two convertible bonds and is trying to
agree a partial repayment of a third, as the German solar
company struggles to secure financing following a sector
shakeout that has forced some rivals out of business.

Solar companies in Europe and the United States have been
hit hard by a toxic mix of oversupply, falling prices, low-cost
Asian competition and lower government subsidies on which the
industry still depends.

Jan 19, 2012

Pressure mounts on German government over energy shift

BERLIN, Jan 19 (Reuters) – Having signalled that
Germany is getting out of nuclear, the government needs to map
out further steps to make the switch work, energy executives
said on Thursday.

“The energy shift is a political decision without a
technical concept behind it,” said Stephan Reimelt, chief
executive of GE Energy Germany. “I am very worried about time
running out.”

Jan 18, 2012

Siemens says German energy sector needs 1.7 trln euros

BERLIN, Jan 17 (Reuters) – Germany’s exit from nuclear
power could cost the country as much as 1.7 trillion euros

($2.15 trillion) by 2030, or two thirds of the country’s GDP in
2011, according to Siemens (SIEGn.DE: Quote, Profile, Research), which built all of
Germany’s 17 nuclear plants.

Jan 18, 2012

German shift from nuclear a Herculean task -execs

BERLIN, Jan 18 (Reuters) – Progress in Germany’s
energy shift away from nuclear power is painfully slow, hampered
by what energy sector executives say are inadequate incentives
and a lack of strong investors, suggesting it will be Herculean
task.

Germany, prompted by the March 11 earthquake and tsunami
last year that caused a disaster at Japan’s Fukushima plant,
decided to abandon nuclear power by 2022, leaving a large energy
gap to fill.

Jan 17, 2012

Exclusive: Siemens puts €1.7 trillion price tag on nuclear exit

FRANKFURT (Reuters) – Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz) expects Germany’s exit from nuclear power to cost the country up to 1.7 trillion euros ($2.15 trillion) by 2030, the head of its energy business said.

“We have calculated that between 1,400 billion and 1,700 billion will have to be invested in the German energy sector over the next 20 years,” Siemens board member Michael Suess, in charge of the company’s Energy Sector, told Reuters.

Jan 17, 2012

Exclusive – Siemens puts 1.7 trillion eur price tag on

FRANKFURT (Reuters) – Siemens (SIEGn.DE: Quote, Profile, Research) expects Germany’s exit from nuclear power to cost the country up to 1.7 trillion euros (1.40 trillion pounds) by 2030, the head of its energy business said.

“We have calculated that between 1,400 billion and 1,700 billion will have to be invested in the German energy sector over the next 20 years,” Siemens board member Michael Suess, in charge of the company’s Energy Sector, told Reuters.

Jan 17, 2012

Germany’s utilities must learn to get smaller

FRANKFURT (Reuters) – Germany’s super-sized utilities need to reinvent themselves over the coming years, as a government-ordered nuclear exit forces them to reduce dependency on their home market, sell assets and rejig their energy portfolios to become more competitive.

Germany’s fast-track decision to phase out nuclear power following the Fukushima disaster last March raised prospects that the country’s energy mix would quickly become greener.

    • About Christoph

      "I'm responsible for the coverage of German renewable companies, mainly solar, at Reuters News. Previously, I have worked as a correspondent at Thomson Financial News, covering German technology and construction companies."
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