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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.

Jan 16, 2012

Analysis: 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.

Jan 11, 2012

E.ON enters Brazil with $471 million MPX stake buy

FRANKFURT, Jan 11 (Reuters) – E.ON said it
is to buy a 10 percent stake in Brazil’s MPX Energia
as it looks to tap new markets following Germany’s move to close
its nuclear power industry.

Wednesday’s move comes only weeks after its failed bid to
buy part of Portugal’s EDP.

Jan 9, 2012

Audi gains ground on premium car rivals

FRANKFURT (Reuters) – Audi, the premium car brand of Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz), posted record sales in 2011 as demand for luxury cars in China and Russia helped it gain ground on bigger rivals like BMW (BMWG.DE: Quote, Profile, Research, Stock Buzz) and Daimler’s (DAIGn.DE: Quote, Profile, Research, Stock Buzz) Mercedes-Benz.

Audi on Monday unveiled sales growth of 19.2 percent for last year, outpacing 12.8 percent for the BMW brand and 8.0 percent at Daimler’s luxury brand.

Jan 9, 2012

German solar boom strengthens critics of subsidies

FRANKFURT, Jan 9 (Reuters) – New solar installations
reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011,
playing into the hands of advocates for steeper cuts in tariff
subsidies to reduce growth of solar power and the resulting
higher costs for consumers.

The figure slightly exceeds the 7.4 GW recorded in 2010,
German network regulatory agency Bundesnetzagentur (BnetzA) said
in a statement on Monday.

    • 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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