Exclusive - Uniper to shut down German hard-coal power plants by 2025: sources [Reuters]
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Source: Reuters
Exclusive - Uniper to shut down German hard-coal power plants by 2025: sources FRANKFURT (Reuters) - Uniper over the next five years aims to close three German hard coal-fired power plants, half its European coal-fired capacity, two people familiar with the plans told Reuters. The German cabinet on Wednesday backed plans to exit coal as an energy source by 2038 as part of efforts by Chancellor Angela Merkel’s ruling coalition to protect the climate and restore its green credentials. Uniper, formed in 2016 as part of an asset swap by German utilities, has drawn up plans to shut down about 1.5 gigawatts of capacity involving three blocks at its Scholven and Wilhelmshaven power stations by the end of 2022, the sources said. It will then shut a further 1.4 GW at its Staudinger and Heyden sites by end-2025. Uniper declined to comment. The planned closures represent about half of Uniper’s total hard coal-fired capacity in Europe and come as investors and governments demand sustainable busin
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