German Wind Energy Market “Threatening To Implode”
“In the next two years we will see a substantial collapse in the installation of new wind parks in Germany.”
While Germany likes to fancy itself as being among the “global leaders” in tackling climate change by expanding green energies, the country has in fact taken very little action recently to back up the appearances.
If anything, Germany is more in the green energy retreat mode. There are good reasons for this.
German flagship business daily “Handelsblatt” reported here yesterday how Germany’s wind energy market is now “threatening to implode” and as a result “thousands of jobs are at risk“.
José Luis Blanco, CEO of German wind energy giant Nordex, blames the market chaos on “policymakers changing the rules“. Subsidies have been getting cut back substantially.
The problem, Blanco says, is that worldwide green energy subsidies are being capped and wind parks as a result are no longer looking profitable to investors. The Handelsblatt writes that “things have never been this bad“.
50% drop in new German parks
The online Hasepost here reports that while in 2016 some 4600 megawatts of new German wind power capacity were installed onshore, the figure will fall almost 50% to 2450 megawatts of new power by 2019. The fall could even be greater.
Blanco told Handelsblatt:
“In the next two years we will see a substantial collapse in the installation of new wind parks in Germany – we will have to react to this.” […]
Yesterday at the East German Energy Forum in Leipzig, both the centrist CDU and the SPD socialists were in agreement: brown coal (lignite) must remain a part of Germany’s energy mix, the online Lausitzer Rundschau writes. Speaking before 400 industry representatives, Brandenburg’s Minister President Dietmar Woidke (SPD) complained that green energies are foremost “unreliable energy sources“.
Saxony Anhalt Minister President Reiner Haseloff (CDU) called for more realism, saying that “brown coal belonged to east Germany until 2050″.