Nuclear fall-out as E.ON warns Merkel of clean-energy cash void

Distant legal rumblings over Germany’s proposed nuclear phase-out became a thunderclap when E.ON said it will seek billions of euros in compensation and warned the plan may crimp its renewables investment.

E.ON’s warning on renewables comes in response to Chancellor Angela Merkel’s surprise decision to keep in place a tax on nuclear fuel-rods imposed at the beginning of the year. The energy giant operates six nuclear plants in Germany.

The tax was imposed as part of a controversial deal brokered last year, in which nuclear operators were to help fund renewables deployment in exchange for being allowed to keep some of their plants open until 2034 – 14 years longer than originally envisaged.

Germany’s nuclear operators – E.ON, RWE, EnBW…

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