• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 42 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour Could Someone Give Me Insights on the Future of Renewable Energy?
  • 6 mins How Far Have We Really Gotten With Alternative Energy
  • 50 mins "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Bankruptcy in the Industry
  • 3 days The United States produced more crude oil than any nation, at any time.
Geopolitical Tensions Fail to Spark Oil Price Surge

Geopolitical Tensions Fail to Spark Oil Price Surge

The fluctuating prices in response…

Europe Moves Forward with Major Hydrogen Projects

Europe Moves Forward with Major Hydrogen Projects

Large-scale hydrogen production schemes are…

Germany Sees Renewables Generating Over 50% Of Its Electricity In 2023

Renewable energy sources are expected to generate more than 50% of Germany’s electricity this year, Economy Minister Robert Habeck said at a conference in Berlin on Monday.

However, the minister from the Green party who is also responsible for climate action, warned that Europe’s biggest economy needs to accelerate the rollout of green energy to meet its climate targets to 2030 and beyond, Reuters reports.   

By 2030, Germany aims to have renewables account for 80% of its electricity generation, Habeck said.

“We won't get there at the current pace,” the minister added.

In the first half of 2023, renewables accounted for around 52% of Germany’s gross electricity consumption, data by the German utility industry association, BDEW, and the Center for Solar Energy and Hydrogen Research (ZSW) showed at the end of June. The share rose by 3 percentage points compared to the same period last year when renewables accounted for 49% of Germany’s power consumption.  

Earlier this year, Germany ditched nuclear energy after taking its last three nuclear power plants offline in April, ending more than six decades of commercial nuclear energy use.

Germany, like many other EU countries, is betting on renewables to boost its energy security without Russian gas. But the end of nuclear power generation and the lower natural gas consumption – both due to savings and to no supply from Russia – raised the share of coal-powered generation last year, Germany’s Federal Statistical Office said in March.

Solar and wind power additions are rising, but not fast enough to meet Germany’s targets.

For example, onshore wind power installations jumped in the first half of 2023 compared to the same period last year, but despite the momentum, capacity additions are still too low to meet government targets, industry association VDMA said in July.

The BWE and VDMA associations noted that “even the significantly rising number of approvals is still far from sufficient to support the expansion target of 10 GW per year from 2025.”

ADVERTISEMENT

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News