Before he retired, Professor Fritz Vahrenholt was the CEO of RWE Innogy, the biggest investor of renewable energy. However during his time as CEO, he realized that the renewable energy systems did not live up the promises made by their manufacturers and promoters.
From Die kalte Sonne
(Translated/edited by P Gosselin)
Prof. Vahrenholt: The EEG feed-in subsidy is an obsolete model!
By Fritz Vahrenholt
Berlin has slammed the brakes on biogas. That is overdue. Biogas has distorted the farmland leasing prices, led to ecological damage and put a burden on private households and companies through high electricity prices. The EEG surcharge is at 24 billion euros. That’s 250 euros for every household. That’s why citizens are now looking at green energies far more critically.
And support will decrease when the costs rise further, when industry moves to regions where energy prices are more affordable, and when grid stability is no longer controllable due to the unstable supply from wind and sun.
No wonder economics minister Sigmar Gabriel sees the transition to renewable energy as on being on the brink of failure. Why are we installing in a country that gets as much sunshine as Alaska a photovoltaic capacity of 52,000 MW? Many systems are working only 800 full hours per year. But one year has 8760 hours! In the meantime we are producing at times so much green power that we have to pay money Austria, Netherlands, Poland and the Czech Republic to get rid of it for us. Our neighbors aren’t even happy about it because the surplus unwanted German green energy is making their own power production unprofitable.”
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