The China Mail - Europe’s power shock

USD -
AED 3.672501
AFN 65.000282
ALL 83.046202
AMD 380.302627
ANG 1.79008
AOA 917.000186
ARS 1453.431398
AUD 1.49325
AWG 1.8
AZN 1.701118
BAM 1.680508
BBD 2.015621
BDT 122.296069
BGN 1.67937
BHD 0.377
BIF 2962.361503
BMD 1
BND 1.288928
BOB 6.915218
BRL 5.385702
BSD 1.000765
BTN 90.379014
BWP 13.373317
BYN 2.912404
BYR 19600
BZD 2.0127
CAD 1.38978
CDF 2199.999821
CHF 0.801035
CLF 0.022471
CLP 881.449842
CNY 6.97375
CNH 6.963635
COP 3676.24
CRC 497.074265
CUC 1
CUP 26.5
CVE 94.744847
CZK 20.853007
DJF 178.207783
DKK 6.422705
DOP 63.721742
DZD 130.019339
EGP 47.269724
ERN 15
ETB 155.86393
EUR 0.85956
FJD 2.2795
FKP 0.743872
GBP 0.745198
GEL 2.679797
GGP 0.743872
GHS 10.783547
GIP 0.743872
GMD 72.999944
GNF 8759.908062
GTQ 7.673074
GYD 209.372664
HKD 7.799835
HNL 26.39692
HRK 6.4779
HTG 130.983017
HUF 331.310498
IDR 16882
ILS 3.15405
IMP 0.743872
INR 90.309502
IQD 1311.033111
IRR 42125.000158
ISK 125.670217
JEP 0.743872
JMD 157.783487
JOD 0.709007
JPY 158.547497
KES 128.950058
KGS 87.448904
KHR 4028.114313
KMF 423.500557
KPW 899.976543
KRW 1469.109986
KWD 0.30808
KYD 0.833985
KZT 510.830806
LAK 21631.351927
LBP 89618.109407
LKR 309.741281
LRD 180.141088
LSL 16.420581
LTL 2.95274
LVL 0.604891
LYD 5.438173
MAD 9.212498
MDL 17.108389
MGA 4639.932635
MKD 52.883479
MMK 2100.072735
MNT 3563.033319
MOP 8.037102
MRU 39.805834
MUR 46.201552
MVR 15.450261
MWK 1735.678504
MXN 17.76919
MYR 4.054503
MZN 63.910437
NAD 16.420722
NGN 1423.050008
NIO 36.826526
NOK 10.06467
NPR 144.606078
NZD 1.740175
OMR 0.384451
PAB 1.00076
PEN 3.361789
PGK 4.27212
PHP 59.494017
PKR 280.064014
PLN 3.61817
PYG 6792.34583
QAR 3.64862
RON 4.37401
RSD 100.851997
RUB 78.647945
RWF 1459.086964
SAR 3.749982
SBD 8.123611
SCR 13.64992
SDG 601.500677
SEK 9.183501
SGD 1.287305
SHP 0.750259
SLE 24.149997
SLL 20969.499267
SOS 570.969488
SRD 38.292018
STD 20697.981008
STN 21.051275
SVC 8.756546
SYP 11059.574895
SZL 16.414191
THB 31.370229
TJS 9.30212
TMT 3.51
TND 2.92986
TOP 2.40776
TRY 43.187704
TTD 6.793205
TWD 31.5625
TZS 2515.000473
UAH 43.224066
UGX 3562.437168
UYU 38.760622
UZS 12056.899078
VES 338.72556
VND 26270
VUV 121.157562
WST 2.784721
XAF 563.628943
XAG 0.010982
XAU 0.000217
XCD 2.70255
XCG 1.803637
XDR 0.700974
XOF 563.628943
XPF 102.473331
YER 238.449722
ZAR 16.36207
ZMK 9001.201736
ZMW 19.740336
ZWL 321.999592
  • BTI

    0.4000

    57.85

    +0.69%

  • NGG

    -0.0500

    78.86

    -0.06%

  • GSK

    -0.6950

    50.1

    -1.39%

  • SCS

    0.0200

    16.14

    +0.12%

  • BCC

    1.6450

    85.72

    +1.92%

  • AZN

    -1.6300

    94.71

    -1.72%

  • RIO

    -0.1700

    85.7

    -0.2%

  • CMSD

    0.0019

    23.91

    +0.01%

  • BCE

    -0.1950

    24.02

    -0.81%

  • JRI

    0.0405

    13.68

    +0.3%

  • RYCEF

    -0.4500

    17.04

    -2.64%

  • BP

    -0.9030

    34.917

    -2.59%

  • VOD

    0.0900

    13.46

    +0.67%

  • RELX

    -0.2100

    41.71

    -0.5%

  • RBGPF

    -0.2100

    81.36

    -0.26%

  • CMSC

    0.1030

    23.453

    +0.44%


Europe’s power shock




On 28 April 2025, an unprecedented power failure plunged most of Spain and Portugal into darkness. Within seconds the Iberian Peninsula lost around 15 gigawatts of generation—roughly 60 % of demand. Flights were grounded, public transport stopped, hospitals cancelled routine operations and emergency services were stretched. Spain’s interior ministry declared a national emergency, deploying 30 000 police officers, while grid operators scrambled to restore power. The outage, thought to have originated in a failed interconnector with France, highlighted the fragility of Europe’s interconnected grids. An industry association later reported that it took 23 hours for the Iberian grid to return to normal capacity.

Energy analysts noted that the blackout was not only a technical failure but also a structural one. Spain and Portugal depend heavily on wind and solar power, which provide more than 40 % of Spain’s electricity and over 60 % in Portugal. These sources supply little rotational inertia, so when the France–Spain interconnector tripped the system lacked the flexibility and backup capacity to stabilise itself. Reliance on a single interconnector also left the peninsula “islanded” and unable to import power quickly.

A continent on edge
The Iberian blackout came against a backdrop of soaring energy prices, economic malaise and rising electricity demand from data centres and electrified transport. Europe has spent the past two years grappling with the fallout from Russia’s invasion of Ukraine, which cut cheap gas supplies and forced governments to scramble for alternative fuels. Germany’s Energiewende, once a model for the energy transition, has been strained. After shutting down its last three reactors on 15 April 2023, Germany shifted from being a net exporter of electricity to a net importer; by November 2024 imports reached 25 terawatt‑hours, nearly triple the 2023 level. About half of the imported electricity came from France, Switzerland and Belgium—countries whose power systems are dominated by nuclear energy. Germany’s gross domestic product shrank 0.3 % in 2023 and was expected to contract again in 2024, and a survey of 3 300 businesses found that 37 % were considering reducing production or relocating because of high energy costs; the figure was 45 % among energy‑intensive firms.

The collapse of domestic nuclear generation has increased Germany’s reliance on coal and gas. In the first half of 2025 the share of fossil‑fuel electricity rose to 42.2 %, up from 38.4 % a year earlier, while power from renewables fell by almost six percent. Coal‑fired generation increased 9.3 % and gas‑fired output 11.6 %; weak winds cut wind output by 18 %, even as solar photovoltaic production jumped 28 %. The result has been higher emissions and greater dependence on imports.

Yet Germany’s grid remains resilient: the Federal Network Agency reported that power disruptions averaged 11.7 minutes per customer in 2024—one of the lowest figures in Europe—and the energy transition has not compromised supply security. Nevertheless, researchers warn that unexpected shocks like the Iberian blackout could occur if investment in grid flexibility and storage does not keep pace.

Nuclear renaissance across Europe
The energy crisis has prompted many European governments to re‑examine nuclear energy. Belgium has repealed its nuclear‑phase‑out law and plans new reactors, arguing that nuclear power provides reliable, low‑carbon electricity. Denmark, Italy, Poland, Sweden and Spain have all signalled interest in building new plants or extending existing reactors. Italy intends to bring nuclear power back by 2030, while Denmark and Sweden are exploring small modular reactors. The European Union already has about 100 reactors that supply almost a quarter of its electricity. Nuclear plants emit few air pollutants and provide round‑the‑clock power, making them attractive for countries seeking to cut emissions and reduce reliance on gas. Critics remain concerned about waste disposal and the possibility that investment in nuclear could divert resources from renewables.

This shift is visible at the political level. In September 2025, France and Germany adopted a joint energy roadmap that recognises nuclear energy as a low‑carbon technology eligible for European financing. The roadmap aims to end discrimination against nuclear projects and represents a departure from Germany’s long‑standing opposition. It does not alter national policies but signals a shared stance in forthcoming EU negotiations.

Germany’s political U‑turn
Germany’s nuclear exit has become a central issue in domestic politics. Surveys show that two‑thirds of Germans support the continued use of nuclear energy, and more than 40 % favour building new plants. A 2024 report argued that there are no significant technical obstacles to restarting closed reactors and that three units could be back online by 2028 if decommissioning were halted, adding about 4 gigawatts of capacity. The same report noted that a moratorium on dismantling reactors and amendments to the Atomic Energy Act are urgent prerequisites.

During the February 2025 election campaign, conservative leader Friedrich Merz pledged to revive nuclear power and build 50 gas‑fired plants to stabilise the grid. His party’s manifesto proposed an expert review on restarting closed reactors and research into advanced technologies such as small modular reactors. In a surprising political shift, Merz’s government subsequently stopped blocking efforts at the European level to recognise nuclear power as a sustainable investment. At a Franco‑German summit in Toulon, he and French president Emmanuel Macron agreed on the principle of non‑discrimination for nuclear projects in EU financing.

However, the internal debate is far from settled. Katherina Reiche, Germany’s economy and energy minister, ruled out a return to conventional nuclear plants, saying that the phase‑out is complete and that companies lack the confidence to invest. She argued that the opportunity to extend the last three reactors during the crisis had been missed and emphasised the government’s focus on developing a domestic fusion reactor and potentially small modular reactors. Reiche also insisted on a “reality check” for renewable expansion and called for up to 20 gigawatts of new gas‑fired backup capacity. Her position reflects caution within the coalition, and some experts note that restarting closed reactors may face legal and economic hurdles.

Industrial relief and future challenges
High energy costs continue to burden German industry. In November 2025 the ruling coalition agreed to introduce a subsidised power price of five euro cents per kilowatt‑hour for energy‑intensive companies until 2028, pending EU approval. The plan aims to ease the competitive disadvantage faced by manufacturers and includes tendering eight gigawatts of new gas‑fired capacity. Critics argue that subsidies are a stop‑gap and that longer‑term competitiveness requires affordable, low‑carbon baseload power and streamlined permitting for renewable projects.

The Iberian blackout served as a warning that Europe’s future grid must be flexible and resilient. Analysts emphasise the need for more interconnectors, battery storage and demand‑side management to accommodate variable renewables. Germany’s grid reliability remains among the best in Europe, yet the country’s growing dependence on imports and fossil fuels raises concerns about security and climate targets. The energy crisis has revived nuclear energy as a serious option across Europe, forcing policymakers to balance decarbonisation with security of supply. Whether Germany fully embraces nuclear again remains uncertain, but the debate underscores a broader realisation: the energy transition requires a diversified mix of technologies, robust infrastructure and pragmatic policies rather than dogma.