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Germany announces new energy plan

The German government announced a new energy plan for the coming years following a meeting of political and industry leaders on Monday evening.

Under the plans, up to €2 billion more will be spent on energy research while more than €30 billion is expected to be invested in building new power plants and distribution networks.

Industry is also to invest €33-€40 billion in renewable energy sources such as wind and solar power.

"We all agreed that the goal must be to gradually r...

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