Reuters exclusively reports Germany to speed up wind and solar energy expansion

Reuters exclusively reported that the German government plans to speed up the expansion of wind and solar energy by 2030 as part of its climate protection program. The new plan aims to expand installed production capacity of onshore wind energy to 95 gigawatts by 2030 from a previous target of 71 GW, and of solar energy to 150 GW from 100 GW, a draft law seen by Reuters showed. Germany’s installed capacity of onshore wind power stood at 54.4 GW and solar energy at 52 GW in 2020. The climate protection program also envisages funding of around 7.8 billion euros ($9.5 billion) for next year, including 2.5 billion euros for building refurbishment and an extra 1.8 billion euros for subsidies for electric car purchases.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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