Financial support for renewables could end in a few years’ time
The renewable energy sector will be competitive without financial support within the next four to five years, Germany’s Minister for Economic Affairs and Energy Peter Altmaier said on the sidelines of the Berlin Energy Transition Dialogue. As an example, he gave the halving of development costs in the wind onshore business. “Today we can build renewable energy installations at a fraction of the costs of the past,” Altmaier said. He also stressed that he wanted to accelerate planning permission for new power lines because “the energy transition can only succeed if the necessary grid connections are in place”.
Read a CLEW dossier on the power grid in the energy transition here.