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How much re is in Germany's electricity generation?
Between April 16 and June 30, 2023, the share of RE in Germany’s electricity generation (i.e., not considering cross-border electricity trade) was 60.4%. Chart 4: Germany Net Electricity Generation Mix April 16-June 30, 2023 Note: “Other” includes unspecified, non-renewable waste, and pumped storage hydro.
How much does electricity cost in Germany?
For new utility-scale projects in Germany, BloombergNEF estimates the levelized cost of electricity (LCOE) at ¥12/kWh for onshore wind + battery, ¥18/kWh for solar PV + battery, and ¥28/kWh for a standalone battery (4-hour system) 10. Hydrogen-ready gas-fired power plants are another priority of the German government.
How can Germany achieve 80% of its electricity consumption by 2030?
To do so, the country targets RE to meet 80% of its gross electricity consumption by 2030. To achieve this goal, Germany needs to dramatically expand wind (both on- & off-shore) and solar power, as well as batteries and hydrogen-ready gas-fired power plants.
How much renewable electricity is generated in Germany in 2024?
At 140 terawatt hours, more renewable electricity was generated in Germany in the first half of 2024 than ever before, accounting for 65% of net public electricity generation. Generation from fossil fuels continues to decline as do the electricity prices on the exchange.
Why is Germany a net importer of electricity?
The reason why Germany became net importer of electricity in the first few months after completing its nuclear power phaseout is the country’s heavy reliance on uncompetitive fossil power (i.e., coal and gas). Between April 16 and June 30, 2023, fossil fuels accounted for 37.5% of Germany’s electricity generation mix (Chart 4).
Is Germany a net exporter of electricity in 2023 H1?
In 2023 H1, despite falling net exports (-87.1% compared to 2022 H1) Germany remained a net exporter of electricity (2.1 TWh). After phasing out nuclear power on April 15, 2023, Germany became a net importer of electricity (Chart 3). Chart 3: Germany Daily Cross-Border Electricity Trade 2023 H1