German Energy Transition Collapsing. | Financial Countdown

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Germany has embarked on an ambitious path towards energy transition, known in German as “Energiewende”.

This process seeks to radically transform its energy system,

moving away from dependence on fossil fuels and migrating towards cleaner, renewable energy sources.

Despite its laudable goals, the energy transition has raised concerns and fears among the population.

We will explore this situation in detail, focusing on five key points.

Energiewende and its Targets:

Germany has set itself ambitious goals with its energy transition programme.

It aims to significantly reduce greenhouse gas emissions and ultimately achieve a fully renewable energy system by 2050. This initiative was driven in large part by the need to address climate change and mitigate its impacts.

Cloudy Winters and Shortage of Sunlight:

Although 200 days of sunshine are possible in winter in some parts of Germany, the amount and intensity of sunlight can decrease significantly in winter. Germany’s geography and latitude mean that, in the winter months, solar energy production is affected by shorter days and cloudy skies. This creates challenges for maintaining a constant and established electricity supply based on solar energy.

Reliance on Portable Generators:

The variability of solar and wind power has led to an increased need for portable electric generators to compensate for fluctuating generation. During periods of low renewable generation, such as cloudy winter days, portable power generators are essential to ensure a continuous supply of electricity. However, this demand has outstripped supply, leading people to buy portable generators until the market is exhausted.

Construction of gas-fired power plants:

Faced with the variability of renewable sources and the need to maintain a stable power supply, Germany has considered the construction of new gas-fired power plants. These plants can provide a reliable and flexible source of energy to supplement the intermittency of renewable sources. However, this strategy has also raised concerns about continued reliance on fossil fuels and its implications for emission reduction targets.

Economic and Social Impact:

The energy transition has a significant economic and social impact.

Massive investment in new technologies and modernisation of the electricity infrastructure requires substantial financial resources.

This has led to concerns about rising energy costs for consumers and the competitiveness of German industries in a global market. In addition, there are concerns about possible labour implications and the need for retraining for people working in the traditional energy industry.

Germany’s energy transition is a comprehensive effort to address climate change and move towards a more sustainable future.

However, it presents challenges related to the intermittency of renewable sources, the reliance on portable electricity generators and the construction of new gas-fired power plants.

The balance between energy stability, environmental sustainability and economic and social impact will be crucial to the success of this ambitious initiative.

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