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

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Fugro Expands Geotechnical Testing Capabilities in Indonesia

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

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

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