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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    To Get Net Zero By 2070, India Needs To Invest $20 Trillion

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    German Chancellor Says Growing Nuclear Power May Make Sense

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    With USD 226bn, Global Renewables Funding Sets A New H1 High

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    Germany Wins EU Approval For EUR 2.98bn Green Heating Plan

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    African Nations Anticipate Increasing Fossil Fuel Output

    EGing to invest over US$144 million in major manufacturing upgrades and relocation

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    2022 Will See A 3.4% Increase In Electricity Demand In APAC

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    Black Power- German Fossil Fuel Plans Encounter Obstacles

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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Legislators In Germany Advocate Renewable Energy Expansion

in Featured, News, Renewable Power
Legislators In Germany Advocate Renewable Energy Expansion

On July 7, German lawmakers adopted a significant reform package aimed at increasing the generation of renewable energy, as chancellor Olaf Scholz cautioned that the nation has been overly dependent on Russian energy supply.

Less than two months after Russia’s invasion of Ukraine aggravated the brewing energy crisis between Moscow and its neighbours in western Europe, many of whom were consumers of Russian fossil fuels, the administration revealed its 600-page Easter package in April. In recent months, Germany has decreased its reliance on Russian energy imports. The administration plans to stop importing coal, oil, and natural gas from Russia by the end of this year.

The conflict, according to Scholz, is just another reason for the largest economy in Europe to step up its efforts to increase the use of renewable energy. At a conference for the renewable energy sector in Berlin, he declared, Germany has leaned on energy supplies from Russia for too long and too unilaterally. Scholz stated that one has to know that Russia is using energy as a weapon in reference to recent actions taken by Moscow to restrict the flow of natural gas to Europe.

No one, he continued, thinks that Russia is limiting its gas supplies on purely technical grounds. The sheer number and extent of regulations being rushed through the Bundestag, according to energy minister Robert Habeck, show both the enormity of the issue and the government’s ambition.

It recently committed to speeding up the installation of solar and wind power facilities with the aim of boosting 80% of Germany’s gross electricity demand from renewable sources by 2030, nearly doubling its share from the previous year, and achieving net zero greenhouse emissions by 2045 from all sources. The administration suggested doing this by increasing the amount of land designated aside for onshore wind and removing administrative roadblocks that have recently hampered construction.

Even with the new measures, economists wondered if the government’s lofty objectives could be met.

The administration has come under fire from opposition member and Christian Democrats’ Andreas Jung for keeping highly polluting coal-fired power stations on standby to take the place of gas-fired facilities that must close due to a lack of supplies. He recommended that Germany expand its home biogas production from agricultural waste instead.

Similar to other countries in Europe, Germany’s consumers have been cautioned to anticipate pretty higher energy bills this year, primarily due to the rise in the cost of fossil fuels. Renewable energies are the only option if one wants to maintain energy affordability over the long term and also wants to balance security of supply and climate preservation, added Scholz. That’s why one needs to accelerate the development of renewable energy right away.

Despite one of the government’s declared objectives being energy independence from Russia, a new assessment released by the International Energy Agency cautioned that China is becoming a more dominant supplier of solar panels, which are essential to Germany’s shift to green energy.

According to the Paris-based agency, China presently dominates all significant phases of solar panel production with a share of more than 80%. According to the report, China is expected to supply 95% of various solar components in the upcoming years.

As per Fatih Birol, executive director of the IEA, China has been instrumental in bringing down costs globally for solar PV, with massive advantages for clean energy transitions. At the same time, governments must address possible issues caused by the degree of geographic specialisation in global supply chains.

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