RWE CEO in blackouts warning

Peter Terium

Peter Terium

Peter Terium, the chief executive of Germany’s second-biggest utility RWE, has warned of blackouts in Germany and power bottlenecks across Europe as a result of a German energy policy that pushes fossil-based generation out of the market.

In a dramatic interview with the Süddeutsche Zeitung newspaper, Terium reiterated his call for subsidies for idle fossil fuel power plants just as coalition talks between the party of Chancellor Angela Merkel and the Social Democrats (SPD) are about to discuss details of the Energiewende, Germany’s turnaround from nuclear to renewable energy.

The energy talks starting Thursday are led by environment minister Peter Altmaier from Merkel’s Christian Democrats (CDU) and the SPD’s Hannelore Kraft, the state premier of North-Rhine-Westphalia.

The state, Germany’s most populous with 18 million inhabitants and home to Log in to read complete article.

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