The Briefing Room
General Category => Science, Technology and Knowledge => Topic started by: rangerrebew on February 23, 2021, 08:00:16 pm
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High electricity cost drives German high-tech industry to Asia
Date: 23/02/21
Siltronic, one of the world’s leading chip makers, is moving Germany’s top high-tech company to Asia.
Siltronic boss Christoph von Plotho blames Germany’s high energy costs for the decision: “The high electricity price makes the location unattractive,†he said in an interview with the Handelsblatt. His company pays “less than half the electricity price†in Singapore.
The main cost driver in Germany is the green energy levy under the Renewable Energy Sources Act (EEG) which has cost energy consumers more than 30 billion euros last year.
Germany’s largest semiconductor producer Infineon told Handelsblatt that insecure power supply was also a major factor in reconsidering industrial production in Germany and Europe.
Chipmakers lament high taxes and levies on electricity in Germany
https://www.thegwpf.com/green-suicide-high-electricity-costs-drive-german-high-tech-to-asia/
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China's electricity comes from burning coal, releasing greenhouse warming gases like CO2. Which apparently makes Texas colder.
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Which makes one wonder why the Germans didn't move to a free country? There ought to be one left somewhere on the planet.
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I could be mistaken, but I'll reckon the Germans still have plenty of coal left to mine.
Why aren't they using it...?