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Fri Nov 27, 2015, 03:01 PM

Germany proposes new renewable energy goals

Proposals made for German renewable tender volumes

27 November 2015 16:41 Source:ICIS

The German economic affairs ministry has published updated proposals about the country’s future renewable energy subsidy system.

The new system will shift the majority of Germany’s renewable energy subsidies from feed-in tariffs and market price-based premiums to tenders, where new plants compete for financial support.

Experts have said Germany is likely to miss its renewable energy targets with the tender designs the ministry proposed in the summer (see EDEM 17 September 2015).

In updated proposals, the ministry outlined on Wednesday how future tender volumes will be determined to achieve the renewable energy targets the state has set – to increase solar and onshore wind capacity each 2.4-2.6GW annually, have 6.5GW of offshore wind capacity by 2020 and 15GW by 2030 and to meet 40-45% of Germany’s power consumption with renewables in 2025. The ministry added a consultation on the proposals is likely to appear in January....

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