Germany to Increase Wind and Solar Power Production

By Markus Wacket
Friday, November 30, 2018

Germany intends to increase energy production from wind and solar farms by a further 8 gigawatts (GW) over the next three years as the government tries to compensate for its decision to abandon strict emissions targets.

Chancellor Angela Merkel's conservatives and their Social Democrat (SPD) junior coalition partners this year dropped plans to lower carbon dioxide emissions by 40 percent from 1990 levels by 2020.

The decision was based on expectations that Germany would miss its national emissions target for 2020 without any additional measures because of strong economic growth and higher than expected immigration.

The Bundestag lower house on Friday approved government plans to boost green energy production.

For the past few years, Germany has been increasing power capacity from wind and solar by 5 gigawatts each year. The 8 gigawatt increase between 2019-2021 is additional to that.

The government has set a new goal of increasing the share of renewable energy in Germany's electricity consumption to 65 percent by 2030 from roughly a third last year.

The new plan includes also cutting the subsidy for solar energy production from 11.09 euro cents ($0.1256) per kWh to 8.9 euro cents.

(Reuters, Reporting by Markus Wacket Writing by Joseph Nasr; editing by David Evans)

Categories: Wind Power Renewable Energy

Related Stories

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Current News

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com