Climate Politics
German Utility to Extend Life of German Lignite Power Stations to Ease Energy Crisis
- German giant utility to end coal power production by 2030
- Decommissioning of two power plants will be deferred
The Neurath lignite fueled power station in Grevenbroich, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
RWE AG will bring forward its coal exit by eight years to 2030, after it extends operations at two German lignite-fired power units until the end of next winter to help ease Europe’s worst energy crisis for decades.
The company will not receive any government compensation for accelerating the coal exit unlike in previous negotiations, it said in a joint press conference with the Economy Ministry. In the short-term, operations at Neurath D and E will be extended until at least March 2024 to help ease Germany’s reliance on gas supplies.