Germany in 20 bln euro grid upgrade as it quits nuclear

Germany mapped out a 20 billion euro ($25 billion) plan on Tuesday to expand its power grid and avoid a “power gap” as Europe’s largest economy switches away from nuclear to renewable energy.

Germany’s government, the federal energy network regulator and transmission grid firms unveiled joint plans for thousands of kilometres of new electricity lines to 2022, to help distribute volatile renewable energy.

Chancellor Angela Merkel said there was no going back on the country’s decision to stop using nuclear power and described the shift as “demanding but exciting”.

“The process is gathering speed, so that we can catch up on a backlog and transmit renewable energy in a sensible fashion,” Merkel said, adding that she wanted to have the legal basis for expanding the power grid by the end of the year… Read more

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