Green Energy, the road to capital destruction


Germany, the nation whose great example how to NOT generate energy serves up another unintended consequence

Germany’s phase-out of nuclear energy has triggered over 20 lawsuits by big power companies who have demanded billions of euros in damages, said a government paper released Tuesday.

Berlin after Japan’s 2011 Fukushima nuclear disaster moved to immediately shutter the country’s eight oldest reactors and close all others by 2022 while boosting renewable energy such as wind, solar and biomass.

Three large electricity companies — EON, RWE and Vattenfall — have responded with a spate of court challenges, which the environment ministry has listed for the first time in response to a request by the Greens party.

In total, 14 complaints have been filed against the national government, including nine cases before the top Constitutional Court, while seven cases have been filed against state governments.

The likely final bill if the lawsuits succeed is unknown but would probably run into the billions, according to the paper requested by Greens party lawmaker Silvia Kotting-Uhl and made available to AFP Tuesday.

The biggest known claim came from Swedish company Vattenfall, which has demanded 4.7 billion euros ($5.8 billion) compensation from the German federal government.

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