The chief executive officer of Siemens Energy, Michael Suess says Germany’s plans to exit nuclear power in favour of increased renewables are not assured yet as rising costs and greenhouse gas emissions threaten the project.

Speaking at a conference organised by Chancellor Angela Merkel’s CDU/ CSU parliamentary faction, Mr Suess said the country is burning more coal because gas plants are not economical, subsidies for renewables are pushing up power prices, and a greater share of fluctuating renewables threaten the stability of electrical grids.
Michael Suess
“We’re not on course at the moment,” Suess said. “Energy must remain affordable for a modern industry that offers the basics for a clean and sustainable society.”

The Siemens in chief is in favour of an overhaul of Germany’s EEG clean-energy subsidy law so that renewable generators get subsidies only when the produced electricity is in demand.

Bloomberg reports Mr Suess as saying that doing this would help stabilize costs and the power grid that’s suffering from a “giant power plant” of more than 30 GW of solar generators that shut on and off depending on the weather, he said.

“We’re increasingly pushing gas and even modern coal plants out of the market,” Suess said. That boosts profits at lignite plants with “a very high CO2 footprint.”

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