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Germany Settles Nuclear Phaseout Legal Disputes for $2 9B

The German government has agreed to a multibillion-euro compensation deal with major utility firms on Friday over its ongoing nuclear energy phaseout. The majority of the €2.4 billion ($2.9 billion) compensation package will be awarded to RWE and Swedish firm Vattenfall. This is largely to make up for lost revenue from the electricity they could otherwise have sold. Vattenfall will receive €1.425 billion and RWE €880 million. Smaller payouts of €80 million and €42.5 million were made to EnBW and EON/PreussenElektra to make up for investments made at plants when their licenses were renewed in 2010. Part of RWE’s compensation also covers some investments made.

Germany agrees compensation for nuclear phaseout : Nuclear Policies

Germany agrees compensation for nuclear phaseout : Nuclear Policies
world-nuclear-news.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from world-nuclear-news.org Daily Mail and Mail on Sunday newspapers.

Germany agrees compensation for nuclear phaseout : Nuclear Policies

Germany agrees compensation for nuclear phaseout : Nuclear Policies
world-nuclear-news.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from world-nuclear-news.org Daily Mail and Mail on Sunday newspapers.

Vattenfall appoints new Senior Vice President of Business Area Wind

Advertisement Helene Biström has been appointed new Senior Vice President and Head of Business Area Wind at Vattenfall and member of the Executive Group Management. Helene Biström has extensive experience and a broad and deep understanding of the energy industry. Currently, she is Executive Vice President Commercial at BillerudKorsnäs. She has previously been Chief Executive Officer of Infranord AB and of Norrenergi and has a long history with Vattenfall where she, among other things, was a member of the Executive Group Management between 2007 and 2010, responsible for Vattenfall’s wind, nuclear and engineering businesses. She is a member of the Board of Directors at Boliden AB and has been Chairman of the Board of Sveaskog AB and Cramo and member of the boards of Statkraft AS, the Royal Institute of Technology (KTH) and Pöyry Plc.

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