Released April 14, 2022 | GALWAY, IRELAND
en
Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Germany's coalition government has proposed to double the share of renewables in its energy mix from slightly more than 40% today to 80% in just eight years.
The gas crisis in Europe, worsened by Russia's invasion of Ukraine, has prompted Germany and other nations to radically rethink their reliance on Russian gas imports, which account for 40% of Europe's needs. The German cabinet has announced its so-called "Easter package," the most sweeping energy plan in decades, designed to rapidly expand its already impressive renewable energy sector to twice its size by 2030. If passed successfully through Parliament, various energy laws will be comprehensively amended in order to "accelerate and consistently promote the expansion of renewable energies."
The shift also will help eliminate the country's 90% reliance on Russian gas imports as Germany fast-tracks construction of its first liquefied natural gas (LNG) terminals. For additional information, see March 30, 2022, article--Europe Strikes Major LNG Deal with U.S..
"The Easter package is the accelerator for the expansion of renewable energies," said Robert Habeck, Germany's minister for economic affairs and climate protection. "We will almost double the share of renewable energy in gross electricity consumption within less than a decade. We are tripling the speed of renewable expansion - on water, on land and on the roof. The Easter package is part of our agenda and has been worked out under high pressure in recent months. In view of Russia's war of aggression against Ukraine, which violates international law, it has now taken on a double priority. For one thing, the climate crisis is coming to a head. On the other hand, the invasion of Russia shows how important it is to phase out fossil fuels and to consistently push ahead with the expansion of renewables. We do that boldly and consistently."
The three pillars of the renewables drive will be onshore and offshore wind and solar power. Onshore wind will be expanded at a rate of 10 gigawatts (GW) per year to hit 115 GW by 2030, which is 15 GW higher than earlier 2030 targets. On the offshore wind front, the goal is to have 30 GW in place by 2030, up from a previous target of 20-30 GW; and expanding from there to 40 GW by 2035 and 70 GW by 2045. The rollout of solar photovoltaic (PV) power will be accelerated to 22 GW per year, with the goal of topping 215 GW in 2030, up 15-GW on earlier targets.
Key to the wind expansion will be reducing the current distance requirement between onshore turbines and the introduction of 20-year Contracts for Difference (CfDs) to successful bidders. The CfDs will be similar to those used by other European countries, most notably the U.K., which has seen the greatest rollout of offshore wind in recent years. Industrial Info is tracking more than 950 active solar and wind projects in Germany, worth US$47 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the full list.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
The gas crisis in Europe, worsened by Russia's invasion of Ukraine, has prompted Germany and other nations to radically rethink their reliance on Russian gas imports, which account for 40% of Europe's needs. The German cabinet has announced its so-called "Easter package," the most sweeping energy plan in decades, designed to rapidly expand its already impressive renewable energy sector to twice its size by 2030. If passed successfully through Parliament, various energy laws will be comprehensively amended in order to "accelerate and consistently promote the expansion of renewable energies."
The shift also will help eliminate the country's 90% reliance on Russian gas imports as Germany fast-tracks construction of its first liquefied natural gas (LNG) terminals. For additional information, see March 30, 2022, article--Europe Strikes Major LNG Deal with U.S..
"The Easter package is the accelerator for the expansion of renewable energies," said Robert Habeck, Germany's minister for economic affairs and climate protection. "We will almost double the share of renewable energy in gross electricity consumption within less than a decade. We are tripling the speed of renewable expansion - on water, on land and on the roof. The Easter package is part of our agenda and has been worked out under high pressure in recent months. In view of Russia's war of aggression against Ukraine, which violates international law, it has now taken on a double priority. For one thing, the climate crisis is coming to a head. On the other hand, the invasion of Russia shows how important it is to phase out fossil fuels and to consistently push ahead with the expansion of renewables. We do that boldly and consistently."
The three pillars of the renewables drive will be onshore and offshore wind and solar power. Onshore wind will be expanded at a rate of 10 gigawatts (GW) per year to hit 115 GW by 2030, which is 15 GW higher than earlier 2030 targets. On the offshore wind front, the goal is to have 30 GW in place by 2030, up from a previous target of 20-30 GW; and expanding from there to 40 GW by 2035 and 70 GW by 2045. The rollout of solar photovoltaic (PV) power will be accelerated to 22 GW per year, with the goal of topping 215 GW in 2030, up 15-GW on earlier targets.
Key to the wind expansion will be reducing the current distance requirement between onshore turbines and the introduction of 20-year Contracts for Difference (CfDs) to successful bidders. The CfDs will be similar to those used by other European countries, most notably the U.K., which has seen the greatest rollout of offshore wind in recent years. Industrial Info is tracking more than 950 active solar and wind projects in Germany, worth US$47 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the full list.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
