“More German coal plants face early closures as profits fade”
Hard coal power plant closures in Germany are poised to accelerate because of decreasing profitability, report Weixin Zha und Rachel Morison for Bloomberg. “A quarter of hard coal-fired generation capacity in Europe’s largest economy may shut ahead of schedule if plant operators forgo spending on upgrades to keep ageing stations open, according to Nena AS, an Oslo-based energy consulting firm.” Steag, the nation’s fifth-biggest power producer, is considering shuttering at least five of its 13 German coal stations before plan, Juergen Froehlich, a spokesman for the utility, told Bloomberg.
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