With energy prices spiralling out of control, energy companies warning that electricity costs will increase 30% by 2020, companies threatening to move out, and hundreds of households having their power switched off because of they can’t pay their bills, Germany has slammed on the emergency brakes on renewable energy.
The Green Boom has turned into a Green Debacle. Now what?
The share of renewable energies in Germany’s power mix has shot up so high that the electricity grid and the subsidy framework has been unable to keep up. Now, the government wants to slow down the process. German commentators say that the current chaos endangers the entire project.
Many scoffed at the initial target that Chancellor Angela Merkel set last June, … consumers are faced with skyrocketing electricity bills and that the country’s energy grid has suddenly become outdated.
…power grid hasn’t kept up with the explosion of new alternative energy sources — particularly the offshore windparks being built in the Baltic Sea and the North Sea off the country’s north coast. Many of those projects are at a standstill…”