Germany aims for 100% renewable electricity production by 2035

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Germany will aim to have all of its electricity supplied by renewable energy sources by 2035, according to a new draft policy that accelerates the timetable for ending fossil fuel generation before 2040.

Germany, Europe’s biggest economy, said in a major energy policy shift over the weekend that it would develop a strategy to reduce its dependence on Russian gas, accelerate the deployment of energy capacity renewable energy and build two liquefied natural gas (LNG) import facilities.

“After all, the events of the past few days and weeks have shown us that a responsible and forward-looking energy policy is not only crucial for our economy and our climate. It is also crucial for our safety. This means that the faster we progress in the development of renewable energies, the better,” said German Chancellor Olaf Scholz. Recount Sunday in the German Parliament.

According to a draft government document obtained by Reuters On Monday, Germany will now aim for 100% renewables in power generation by 2035, up from a previous target of 100% renewables “well before 2040”.

The Russian invasion of Ukraine has changed Germany’s policy, and Europe’s largest economy will now seek to accelerate the reduction of its dependence on Russian gas.

Unlike other countries in Europe, however, Germany plans to shut down all of its remaining nuclear generators by the end of 2022. The country has also said it will aim to phase out coal by 2030. , eight years ahead of previous plans.

According to the draft government document seen by Reuters, Germany will pass a new law on renewable energy sources (EEG) and is expected to make wind and solar account for 80% of electricity generation in Germany. 2030.

By that year, Germany is expected to double its onshore wind power capacity to 110 gigawatts (GW), offshore wind capacity is expected to increase to 30 GW and solar power is expected to more than triple to 200 GW, according to the document seen by Reuters.

By Tsvetana Paraskova for Oilprice.com

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