Germany to pay utilities EUR 2.4bn for nuclear exit

The federal republic has agreed to pay compensation to energy companies operating domestic atomic power stations following the country's policy shift to phase out the contentious energy source in the wake of the Fukushima Dai-Ichi meltdowns.

Photo: Lennart Preiss/AFP/Ritzau Scanpix

Germany agreed to compensate Vattenfall, RWE, Enbw and Eon EUR 2.4bn for losses suffered following the country’s decision to phase out nuclear power after the Fukushima Dai-Ichi meltdowns.

Just months before the 2011 disaster, Germany’s government had agreed to extend the operating lifetimes of nuclear plants. But the government abruptly reversed course after the accident and decided to end nuclear power generation by the end of 2022 at the latest.

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