Germany is tripling the expansion of renewable energies

“We’re tripling the speed of the expansion of renewable energies”. The German Renewable Energy Act (EEG) that provides support for the production of renewable electricity stated.

The EEG 2023 is the biggest amendment to energy legislation in decades. It lays the foundations for Germany to become climate neutral. Planning provides for consistent and much faster expansion in order to increase the share of gross electricity consumption that is covered by renewables to at least 80 percent by 2030. The amended EEG will come into effect on 1 January 2023.

The German Federal Government’s amendment of the Renewable Energy Sources Act includes a broad package of measures to ease the burden on households and businesses. Renewable energies are a central pillar of the energy transition. The expansion of renewable energy sources is intended to make our energy supplies more climate-friendly and less dependent on fossil energy imports. This is a key factor against the backdrop of the Russian war of aggression in Ukraine.

 A New Goal of 80 percent more wind and solar energy by 2030.

In order to achieve the new expansion target for wind and solar energy, tender volumes for the period until 2028/29 will be increased considerably. Planning provides that at least 80 percent of Germany’s electricity consumption is to be covered by renewable energies by 2030. This means that the share of overall consumption is to be almost doubled, as electricity production is expected to rise from 600 terawatts to 800 terawatts by the end of this decade, to cater for more electrified industrial processes, heat production and electric mobility.

The EEG 2023 enables the Federal Government to provide funding for innovative concepts for combining renewable energy sources with local hydrogen-based electricity storage. This can help to compensate for the volatility of electricity production using renewable energies. Funding is to be provided for so-called hydrogen-powered sprinter plants that use green hydrogen.