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Germany will pay €2.4bn in compensation for early closure of nuclear plants

The federal government of Germany has agreed to pay €2,428m to Vattenfall, RWE, E.ON, and EnBW in compensation for the early closure of their nuclear power plants in response to the Fukushima disaster in March 2011 and the settlement of all related legal disputes. Vattenfall will receive €1,425m, RWE €880m, EnBW €80m and E.ON €42.5m respectively. The agreement, which must be adopted by the German parliament, is subject to approval by the European Commission under EU state aid rules.

A 2012 law confirmed the definitive shutdown of eight nuclear reactors that were closed immediately after Fukushima and the closure of a further nine reactors by 2022 (three of which have already been closed, while six are still in operation). RWE, E.ON and Vattenfall filed litigation against the closure of their nuclear reactors in 2011 and asked for a compensation of €18.4bn from the State, the principle of which was approved in 2018.

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