Renewable energy | Ecotrope

Nuclear threats boost investment in renewables

Ecotrope | March 15, 2011 4:41 a.m. | Updated: Feb. 19, 2013 1:40 p.m.

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I guess this makes sense, as the world watches Japan struggle to avert a nuclear disaster in the wake of Friday’s back-to-back earthquake and tsunami:

Bloomberg reports solar and wind companies’ stocks surged 15 to 25 percent in the markets yesterday, as news in Japan went from bad to worse and, as part of a safety review, German Chancellor Angela Merkel announced plans to shut down old nuclear reactors that provide 25 percent of the country’s atomic energy.

“The nuclear catastrophe in Japan has changed the value of nuclear for good — and inversely that of all alternatives, the best of which being hydro,” Ing Becker, an analyst at Kepler in Frankfurt, wrote in a note to customers yesterday.

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