News Digest Item
20 Mar 2017

“These power plants survived WWII bombs, but maybe not Merkel”


Sweden’s Vattenfall AB and Norway’s Statkraft AS say they might close some pumped-hydro plants in Germany, while Alpiq Holding AG may sell some units in Switzerland because they are no longer as profitable as they once were, write Weixin Zha and Jesper Starn for Bloomberg. “While solar and wind get 20 billion euros ($21 billion) in subsidies per year from Berlin, the pumped-hydro plants get nothing but more regulation and rising bills for grid access", the authors write.

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