Germany’s Power Market Bailed Out by Gas Plants as Wind Plunges

Germany's Power Market Bailed Out by Gas Plants as Wind Plunges

(Bloomberg) — Germany added more onshore wind turbines in the past decade than any other European country, but a severe slump in output this month shows how the nation’s energy system is still at the mercy of the weather and its old fossil-fuel plants.

Large losses in Vattenfall's Swedish wind power. Despite billions in investments, the business is bleeding – and now more big investments are being made.

Germany’s Power Market Bailed Out by Gas Plants as Wind Plunges

Germany added more onshore wind turbines in the past decade than any other European country, but a severe slump in output this month shows how the nation’s energy system is still at the mercy of the weather and its old fossil-fuel plants.