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Merkels Offshore Wind-Power Dream for Germany Stalls

2013-01-17 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: RWE AG (RWE) is delaying investments. SIAG Nordseewerke GmbH filed for insolvency. REpower Systems SE is cutting temporary staff. All show how German Chancellor Angela Merkels 550 billion-euro ($734 billion) plan to replace nuclear reactors with renewable sources is stalling. About 700 workers demonstrated in Hanover last week calling for more support from Merkel to the offshore wind industry. Her 2011 plan to shutter atomic plants and add sea-based wind farms that could cover an area six times...

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