Germany Is Closing Half Of Its Reactors At Worst Possible Time

Dec 22, 2021

Germany Is Closing Half Of Its Reactors At Worst Possible Time

Germany plans to deactivate nearly half of its nuclear-generating plants by the end of the year, placing more pressure on networks in Europe that are already dealing with one of the greatest power shortages the region has ever seen.

With the closures of Grohnde, Gundremmingen C, and Brokdorf during the phase-out of nuclear power, only three nuclear facilities will remain, which will be shut down by the end of the following year. The closures not only crimp supplies but also eliminate a vital source of low-carbon energy in a country reporting an increase in carbon emission levels.

Following the Fukushima nuclear tragedy in 2011, Germany promised to decommission its units. The nation was a frontrunner in renewable energy at the time, but the phase-out has made it increasingly dependent on fossil fuels for power production. The country is falling behind in the race for zero energy efficiency after substantial compromises with the coal lobby, anti-wind farm demonstrators, and industries, notably car companies.

Hanns Koenig, head of commissioned projects at Aurora Energy Research, commented that from an ecological standpoint, closing German atomic facilities at a time when they remain useful has always been a dubious notion. It was evident that the nuclear phase-out would necessitate increased usage of fossil fuels, resulting in considerable additional emissions.

Nuclear reactors are intended to produce energy 24 hours a day, seven days a week, giving critical reserves when the wind is not blowing, or the sun is not shining. While the closures have been anticipated for some time and are unlikely to trigger a price increase, the elimination of 4 gigawatts of baseload supply exposes Germany's decreasing buffer capacity reserves. It's one of the reasons why prices will increase the following year: the cost of power for delivery in 2022 has increased over five times this year.

This could not have come at a worse time. European energy costs are reaching historic highs, and Germany will have to focus on expensive fossil fuel generation for another 20 years to meet demands. According to Koenig, atomic stations cannot remain open for much longer since they would need investments of hundreds of millions of euros.

With more dependence on coal and gas, emissions will increase more, and Germany is not alone in this regard. The demand for gas has not recovered, and wind generation has fallen short as well, so several European countries have already increased coal-fired energy generation in recent months.

Why European Energy Prices Are So High

Germany plans to phase out all coal-fired facilities by 2038, with the lignite power fleet cut by about 16% by 2024. According to the IEA estimates, growing carbon pricing and increased use of renewables will significantly reduce the country's coal output by that year.

Sabrina Kernbichler, an analyst at S&P Global Platts, pointed out that as more and more European nations are opting to "get out of coal," renewable power assets will likely go up in the long run.

However, fossil fuels are assisting in covering the supply imbalance in the near term. It has been reported that Uniper SE in Germany has decided to postpone the scheduled shutdown of its Scholven-B coal plant to the end of 2022 due to a delay in the construction of a gas unit. As long as the markets remain tight, this will bring some respite. However, it will not assist Germany in meeting its net-zero targets.

Subscribe Our Newsletter

Expert Opinion: Inflation Picks Up Steam, Intensifying Pressure on Fed to Raise Rates Aggressively
Expert Opinion: Inflation Picks Up Steam, Intensifying Pressure on Fed to Raise Rates Aggressively

Inflation is outperforming wage growth for the majority of employees, and it has spread beyond the products and into the services sectors, fueling concerns about a broader economic downturn this year and indicating that higher prices are becoming entrenched in the economy.

Banks and Finance
Real Yields Show Where the Stock Market Is Really Headed
Real Yields Show Where the Stock Market Is Really Headed

Given the never-ending flood of statistics indicating that the United States has a significant inflation issue, those findings are outstanding. In March, wages increased by 5.6 percent year on year, up from 5.2 percent in February.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Alexander

How Renewable Energy Stocks Can Supercharge Your Portfolio
Renewable energy is booming. Check out the best renewable energy stocks and top investment opportunities in the clean energy sector.

discover
How to Choose the Best Crypto Payment Provider

Oliver

How to Choose the Best Crypto Payment Provider?

The cryptocurrency market is booming at an unprecedented rate. Currently, there are over 20,000 different kinds of cryptocurrencies being traded in the global crypto market. This significant growth has caught the attention of many businesses and entrepreneurs who are now looking for ways to implement cryptocurrency into their own activities and accept crypto payments.

Crypto Payments
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.