Germany Prepares to Reactivate Coal-Fired Power Plants Amid Looming Natural Gas Shortage
Germany is reportedly preparing to reactivate its coal-fired power plants as the country faces a looming natural gas shortage.
Market commentators pointed to last year's demolition of one of the country's largest coal-fired plants, arguing that Berlin's policy decisions have contributed to ongoing energy instability:
- Shut down after just 6 years of operation
- Cost €3 billion to construct
- Provided 1,650 MW of power generating capacity
- Required several million euros to demolish