Germany to Boost Coal-Fired Generation, Standard Chartered Says

Germany, Europe’s biggest power user, will boost coal-fired generation in the year’s second half as it replaces electricity lost by shutting nuclear reactors, Standard Chartered Plc said.

Chancellor Angela Merkel in March ordered the halting of Germany’s seven oldest reactors following a meltdown that month at Japan’s Fukushima Dai-Ichi plant caused by an earthquake and tsunami. That’s out of 17 reactors that accounted for 23 percent of national power generation last year, according to the BDEW utility-industry group in Berlin.