Posted on 01/15/2022 5:41:00 AM PST by george76
Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday.
Germany plans to switch off all its remaining nuclear power generators by the end of 2022, while it will also retire a large portion of its coal-fired capacity fleet between 2022 and 2024.
Recently, the country has said it would aim to phase out coal by 2030 – eight years ahead of earlier plans. The coal exit for Germany could be more difficult than in other European economies, because the country plans to phase out nuclear power generation by the end of this year.
...
Germany’s remaining nuclear capacity, which provided about 12 percent of total generation in 2021, is due to be phased out by the end of 2022. At the same time, some coal capacity is due to be retired according to the approved coal phase-out plans. Coal capacity is set to decline from 35 GW at the end of 2020 to 30 GW in 2022 and less than 26 GW in 2024 ...
The timing of Germany’s nuclear phase-out and accelerated coal phase-out coincides with the ongoing energy crisis in Europe, where natural gas and power prices have jumped to record amid insufficient supply of gas and uneven wind power generation in northwest Europe, including in Germany.
(Excerpt) Read more at oilprice.com ...
What a wonderful world it would be if ever nation became a net energy importer....... 🧐
And yet, they will not frack on their own land. Germany used to be smarter than this.
German power providers learned how to harvest American taxpayer subsidies to build industrial wind turbine complexes in the states
Germany suffers from a catastrophic strategic decision about every thirty years. They must like to suffer.
But, but, I thought the eco nazi power would REPLACE fossil fuel energy. Why would they need more? /s
Putin will have a stranglehold on their energy via the Nordstream2.
You know that Hunter must be making bank over this and the Nord Stream II pipeline.
“ And yet, they will not frack on their own land. Germany used to be smarter than this.”
************
Thinking that if Russians and Ukrainians get into a shooting war the Ukrainians might take out the Russian pipeline to Germany. Doing so, would cut off gas to Germany as well as cutting off a major revenue source to Russia. Actually, thinking that should be the first act taken by Ukrainians imo.
Prices for energy are rising very fast and Germany just can't figure out why....
This is what the color green looks like as it "matures."
In winter.
Hi.
Putin won’t have to send 20 armor divisions through the Fulda Gap, he will just turn off the gas.
Enjoy.
5.56mm
Geniessen Sie sich.....wann Sie zittern im Dunkel.
Which is why the average German household pays 3-4 times more for electricity than Americans do.
When your competition is busy committing suicide, do not interrupt them.
Time to take over the Ploesti Oil Fields.
Shutting down their nuclear power? Well I hope they freeze in the dark.
But they sank billions into the North Sea, so windmills could power them…
Guess they will just have to go along with whatever Russia says from now on, if they don’t want Grandma to die from the cold.
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