As alt.energy tanks in Germany

From The Daily Caller:

Green Energy Could Cause The Largest Bankruptcy In German History
One of Germany’s largest electrical companies is facing bankruptcy due to the enormous amounts of money it poured into green energy, according to a report published Wednesday by the German newspaper Frankfurter Allgemeine Zeitung.

The German utility Rheinisch-Westfälisches Elektrizitätswerk (RWE) was forced by the government to shut down many of its profitable nuclear reactors and build expensive wind and solar power. The government’s mandate to replace nuclear reactors with wind or solar power cost over $1.1 trillion. The company has a 46 percent chance of going bankrupt within the next two years, according to investment groups.

A bit more - it seems that now coal is the viable baseload source:

RWE’s only hope to avoid bankruptcy may be a lawsuit by German utilities suing the government for $21 billion in damages due to the country’s plan to shut down all nuclear reactors by 2022.

The shutdown plan has certainly done enormous damage to utilities, destroying their main sources of profit and increasing the price of electricity throughout Germany. The average German pays 39 cents per kilowatt-hour for electricity due to intense fiscal support for green energy. The average American only spends 10.4 cents per kilowatt-hour.

Nuclear power’s decline has created an opening for coal power, according to a Voice of America article published in November. Coal now provides 44 percent of Germany’s power, despite the fact that coal ash is actually more radioactive than nuclear waste.

Yeah - coal ash is more radioactive. It is a matter of volume. Nuke waste is tiny - the waste from one year operation of a reactor can fit into a few oil drums depending on the type of reactor. The waste from one day operation of a coal-burning plant needs several cubic yards to hold. It is not as strongly radioactive but, by sheer matter of volume, there is more radiation. I love that the utilities are suing the German government for loss of revenue. Green energy is always a rathole and will never be profitable.