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Tue Jun 19, 2012, 11:13 AM

Energy giant pulls plug on nuclear power

Energy giant pulls plug on nuclear power
Published: 18 Jun 12 12:17 CET

German power giant RWE will build no more nuclear power stations - not only in Germany, where nuclear power is to be phased out by 2022 - but anywhere in the world, the company announced on Monday.

RWE "will not build any nuclear power plants abroad," a company spokeswoman said, confirming a corresponding report in the Süddeutsche Zeitung daily.

At the end of March, RWE and its bigger rival E.ON decided they would pull out of their British nuclear power joint venture, Horizon Nuclear Power, the spokeswoman pointed out.

The Süddeutsche Zeitung newspaper said the management of Germany's second biggest energy company held a secret meeting in an exclusive hotel in Istanbul on Friday and Saturday to discuss the major strategy change.

...The new plan is to pull out of the nuclear power business completely, and invest heavily in solar...


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