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

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Hormuz Reopening Risks Turning Oil Shortage Into Glut

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

Aramco Explores Asset Sales in Multi-Billion Dollar Fundraising Push

Oil Drops to 3-Month Low as US-Iran Deal Signals Supply Return

Current News

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Oil Holds Steady After US, Iran Agree to Cease Attacks

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

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