News Digest Item
25 Apr 2017

“Watershed in energy policy”

Frankfurter Rundschau

The energy industry hovers between shock and sensation since it has become clear that several companies are ready to build offshore wind power plants without any support payments, Frank-Thomas Wenzel writes in Frankfurter Rundschau. The German Engineering Federation (VDMA) already debated when the Renewable Energy Act (EEG), Germany’s central legal instrument for expanding renewable energy generation, can be abolished, Wenzel explains. But the bidders’ calculation hinges on two assumptions, he adds: Danish company Dong Energy and German utility EnBW assumed that maximum production capacity of offshore windmills will jump from the current 5 megawatt up to 15 megawatt over the next few years. At the same time, they hoped for rising wholesale power prices, which was only going to happen if excess power plant capacities vanished and CO2 emissions were made significantly more expensive, Wenzel writes.

For background, see the CLEW article Operators to build offshore wind farms without support payments and the CLEW factsheet Germany ponders how to finance renewables expansion in the future.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee