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Siemens gets out of nuclear business

The Local · 18 Sep 2011, 10:43

Published: 18 Sep 2011 10:43 GMT+02:00

"We will no longer be involved in overall managing of building or financing nuclear plants. This chapter is closed for us," he said, explaining that Siemens would restrict its activity to dual-use technology.

"We will from now on supply only conventional equipment such as steam turbines. This means we are restricting ourselves to technologies that are not only for nuclear purposes but can also be used in gas or coal plants."

Löscher said his group's decision to withdraw from the nuclear industry reflected "the very clear stance taken by Germany's society and political leadership."

The German government announced its decision to abandon nuclear power by 2022 in the wake of the disaster at Japan's Fukushima nuclear plant.

Germany is the first major industrialised power to agree an end to atomic power since the disaster, the world's worst since Chernobyl in 1986, which forced the evacuation of tens of thousands of people living near Fukushima.

Germany wants to boost the share of the country's power needs generated by renewable energies to 35 percent by 2020 from 17 percent at present.

Story continues below…

Siemens produces gas turbines and equipment used to produce solar and wind power.

AFP/kdj

The Local (news@thelocal.de)

Your comments about this article

13:57 September 18, 2011 by aceroni
ehm, the first country to give up on atomic power was italy..
14:13 September 18, 2011 by Richardman
yes,is very good to change over to solar and wind power will be better to start now then later,God Bless Germany
17:31 September 20, 2011 by neunElf
All Germans can congratulate themselves on their "courage" in ridding the nation of nuclear power as they huddle together in the unemployment line as their industries leave for countries with realistic, viable energy programs.

Look at the bright side, the departures of those nasty industries will naturally complete the project Robert Morgenthau wanted to begin after ww2!
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