28 Aug 2012:
Germany May Need to Slow
Shift to Green Energy, Official Says
Germany’s environment minister said Tuesday that the country might have to slow its shift to renewable energy
to quell concerns about rising consumer costs. A year after the government decided to phase out nuclear power
following Japan’s Fukushima disaster, Germany has indeed been able to increase
renewable energy generation, with solar and wind incentives helping the country produce more than 25 percent of its power from cleaner sources. But that rapid growth is causing higher costs for consumers and placing an increased strain on the energy grid, Environment Minister Peter Altmaier told the Financial Times Deutschland
. “These are costs that can be avoided with good planning,” Altmaier said. While a senior Social Democrat called a slower shift to renewable energy “unacceptable,” members of Chancellor Angela Merkel’s administration are seeking legislation that would reduce the burden on consumers. On Monday, the energy group Vattenfall reported that Germany’s current green energy targets would likely require an investment of 150 billion euros
($188 billion) by 2020, causing a 30-percent increase in electricity costs. If the German government does slow its transition to a green energy economy, the offshore wind sector would likely be most affected, analysts say.
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