Germany Puts Coal-Fired Plants on 'Standby'

GALWAY, IRELAND--November 3, 2015--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Three utilities in Germany have started to place a combined 2.7 gigawatts (GW) of coal-fired power plant in reserve as part of a deal with the government to avoid the introduction of a new coal tax. Within this article: German coal-fired plants are taken offline as part of the country's transition to renewable energy. Additional companies: RWE AG (OTC:RWEOY) (Essen, Germany), Vattenfall AB (Stockholm, Sweden), Mibrag (Zeitz)