Merz Says EU Has Signed Off on German Plan for New Gas Plants

Germany has received the long-awaited green light from the European Union to move ahead with a plan to subsidize a fleet of new gas-fired power plants.

Chancellor Friedrich Merz said the news from the European Commission — the EU’s executive arm — reached his government “this morning in Berlin,” adding that a €12 billion ($14 billion) package to reduce power prices for the nation’s struggling industry can also go ahead.