Germany's Grid Is Getting Greener as its Industry is Weakening

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 17 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 68%

Germany News

Clean Energy,Grid,Industry

Germany's grid is getting greener and emissions from the power sector are falling, but these developments have been mainly driven by anemic economic growth and weak industry in Europe's biggest economy.

Germany is making progress in boosting the share of renewable energy sources in its power supply, but it should be applauded with a cautionary note because the bulk of that progress is because of weaker electricity demand amid sluggish industrial activity. Power providers have drastically cut their total electricity output from fossil fuels so far this year.

The new solar capacity is on track to meet the government’s 2030 goals. Wind power also saw an increase in wind power tenders, which awarded a record-high total power capacity of 6.4 GW last year, data from wind power association BWE showed at the end of 2023. Unfortunately, these were short of the 10 GW annual goal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines