Germany’s ruling coalition has slashed in half the capacity of new natural gas-fired power plants it aims to tender by 2032 in a significant scale-down from the previously planned 20 GW of new gas capacity. The governing coalition led by conservative Chancellor Friedrich Merz has reached a compromise on the energy policy as Europe’s biggest economy looks to balance energy security with its decarbonization goals. The government now will tender 10 GW of new gas-fired capacity by 2032, to serve as flexible backup to wind and solar…