Vattenfall to be compensated in German coal auction for Moorburg power plant
The German Federal Network Agency (Bundesnetzagentur) has today decided to award compensation for a complete phase-out of Vattenfall’s coal-fired power plant Moorburg in Hamburg. This means that Moorburg can be phased out earlier than previously planned.The bid for an early closure of Moorburg was part of the first auction process to reduce coal-fired power generation in Germany, which started earlier this year. Companies that are operating coal-fired power plants in Northern Germany were asked to hand in their bids for a total of four gigawatts of capacity to be phased out.“We welcome