Friday, 22 April 2011
I attended the RWE AGM meeting in Essen in Germany on Wednesday 20th at the invite of the "critical shareholders association" .
Of the speakers the largest and fourth largest shareholders in RWE-----Representing billions of pounds of investment--- requested that they end their involvement in nuclear energy.
They even went as far as questioning the involvement with E.on in the UK new nuclear market.
My take from the meeting is that nuclear is stone dead forever in Germany and that no German company will ever want to build nuclear anywhere in the world....including UK.
Whether Oldbury and Wylfa are packaged and sold on to another potential investor is doubtful.
Where would the finance and insurance come from?.............certainly not Allianz
We will be at the E.on AGM at Essen in May !
The politicians who read this blog should realise that we now have the support and strategy of significant supporters in Germany who are happy to help.
Good news and thanks
Posted by Reg Illingworth at 10:58