Friday, December 26, 2025

Germany Mulls Extending Lifespan of Nuclear Power Plants as EU Energy Crisis Worsens

It appears that Germany may soon be forced to do a sheepish 180-degree U-turn on its green energy policy, and extend the lifespan of its remaining nuclear power plants in an effort to avert a full-blown energy crisis in the region.

German Chancellor Olaf Scholz signalled he is open to extending the lifespan of the country’s three nuclear energy plants, in an effort to secure its energy needs amid growing uncertainty surrounding the Ukraine conflict. “The economy minister has commissioned an intensified worst-case scenario calculation. Let’s have a look at that,” Scholz said, referring to the German government’s previous decision to shut off the nuclear facilities by the end of the year.

German economy minister Robert Habeck recently delegated a new stress test for the country’s energy infrastructure, after a previous analysis estimated that energy supply wouldn’t be in peril come next winter even in the absence of nuclear energy. “We will once again calculate now and will then decide on the basis of clear facts,” with respect to extending Germany’s nuclear power capabilities, explained a government spokesperson as cited by Bloomberg.

Up until now, the Green Party has held an adamant stance against expanding the lifespan of the three nuclear power plants, citing high refurbishing and environmental costs. Instead, Habeck has been a strong proponent of building a new LNG terminal that would accept natural gas shipments from the US or other international destinations aside from Russia. In addition, he also insisted that Germany bolster its solar and wind energy infrastructure, as well as keep coal-powered plants on standby for a rainy day.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Recommended

First Majestic Sells Past Producing Del Toro Silver Mine For Up To US$60 Million

TomaGold Drills 6.68% Zinc Equivalent Over 48.05 Metres At Berrigan Mine Project

Related News

Smugglers Use Tether to Evade Russian Sanctions — Report

Tether has emerged as a major facilitator for Russian entities looking to work around Western...

Wednesday, April 3, 2024, 12:54:00 PM

Switzerland And Finland Announce Credit Support For Energy Companies

Switzerland and Finland on Tuesday announced that they will be providing credit facilities to help...

Wednesday, September 7, 2022, 03:01:00 PM

Putin Allegedly Rejected A Provisional Peace Deal With Ukraine That Satisfied His Initial Demands

As Russia’s war in Ukraine broke out in February, Vladimir Putin’s chief envoy to Ukraine...

Thursday, September 15, 2022, 04:34:00 PM

The Grain War: 7 Million Expected To Go Hungry As Russia Nixes Grain Deal With Ukraine

Russia is withdrawing from the internationally-mediated agreement that permits Ukraine to export grain from its...

Monday, October 31, 2022, 12:05:00 PM

Energy Department Selects 11 Companies for Nuclear Reactor Pilot Program

Eleven advanced nuclear reactor projects have been chosen for President Donald Trump’s accelerated testing initiative,...

Wednesday, August 13, 2025, 02:57:00 PM