Germany Renewable Energy
Electricity rates in Germany drop by up to 40% during the hours in which solar power or wind power are active -- and this is what Merit Order ranking is all about, using the cheapest available electricity source first - and then filling in the gaps with more expensive coal-fired electrical power generation.
Canadian Solar (Nasdaq: CSIQ), one of the world's largest global solar companies, has announced it has supplied the solar modules for Germany's largest solar power plant.
In a sharp reversal of policy, German Chancellor Angela Merkel has announced the country will move to phase out all nuclear power by 2022.
The decision comes after the Ethics Commission for Security Energy, which Merkel set up to review nuclear power following the Fukushima disaster in Japan, recommended all 17 of Germany's reactors be shut down permanently.
Germany's new energy plan has garnered praise as well as protest, as the country propels toward a clean energy future.
The German government has announced its plan to generate 80% of the country's energy from renewable sources by 2050. Currently Germany produces 16% of its energy from renewable sources.
Energy derived from waste wood chips, corn cobs and other material could potentially replace as much as 160 million barrels of oil, 20% of Germany crude consumption, in just ten years, according to a recent study by Germany’s Agency for Renewable Energy.
A new study by Germany's Federal Environment Agency (UBA) outlines the country's potential to achieve 100% of its energy needs from renewable sources by 2050.
Setting a serious global standard, the UBA has been looking at three main scenarios for converting to 100% renewable energy: