News
08 Jul 2020, 13:51
Kerstine Appunn

Germany’s billion-euro nuclear fund weathers crisis relatively unscathed so far

Reuters

The state-run fund created to pay for the intermediate and final storage of  nuclear power station waste  in Germany has so far coped well throughout the coronavirus crisis, news agency Reuters reports. It shows a minus of 0.3 percent compared to the beginning of the year, fund manager Anja Mikus confirmed this week. This was helped by the fact that it was still holding over 40 percent of its funds in cash. Since it was launched with 24 billion euros three years ago, invested assets have yielded a return of 4.1 percent per annum. Despite the coronavirus pandemic, the fund is expected to generate a profit of 100 to 125 million euros in 2020, Reuters writes.

The initial payments into the state fund were made in 2017 by nuclear power station operators E.ON, Vattenfall and EnBW. According to the “polluter pays” principle, these companies would have been responsible for the decommissioning and storage of the nuclear waste themselves. But amid worries about their financial wellbeing during the energy transition, the government decided it would be safer to secure the money utilities had set aside for the clean-up in the fund.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.
« previous news next news »

Ask CLEW

Sven Egenter

Researching a story? Drop CLEW a line or give us a call for background material and contacts.

info@cleanenergywire.org

+49 30 700 1435 212

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee