Vision Shopsters: Green Energy in Germany: Renewable sources, capacity growth and future outlook
During 2004–08, Germany's electricity generation increased at a low CAGR of 0.7% largely due to adoption of energy efficiency measures with the aim to reduce growth in demand. Germany's energy policy is governed by the strategy to reduce dependence on imports of fossil fuels, while simultaneously switching to renewable and clean energy technologies. With the introduction of feed-in tariffs under the EEG in 2000, renewable energy technologies experienced strong growth. In order to meet the emission reduction target laid out in the EU directive, Germany adopted its own national climate action plan. At present, German government incentives and mandates are the main drivers of renewable energy in Germany.
This report documents the growth of the German renewable energy market, showing its current status and projecting where it is likely to grow to in the foreseeable future.
This document gathers the statistical data on the different types of energy generation, combines and contrasts them against each other to show the clear leaders, drivers to change and future growth.
Key features of this report
• Overview of the German electricity market with focus on renewable energy. Analysis of energy type volumes, capacity installed, and generation output in Germany.
• Growth of renewables – installed capacity and generation, government mandates and incentives, and comparative economics.
• Information and analysis by renewable energy sector – wind, biomass, hydro, solar, geothermal, and biofuels.
• Installed capacity and generation, global comparison, key players, economics, drivers, resistors, and outlook for each renewable energy sector.
Scope of this report
• Achieve a quick and comprehensive understanding of how German market trends and legislation are influencing the development of the renewable energy market.
• Quantify value and volume growth potential in German electricity market and in energy generation technology type.
• Understand the major issues affecting the German electricity industry in general and renewable electricity in particular.
• Predict the key growth areas in the German renewable energy industry.
Key Market Issues
• EU Emission Reduction Targets: Historically, the EU's emission reduction targets are the primary drivers for implementation of policies that encouraged usage of renewable energy in the EU member states. The EU's directive on reducing GHG emissions through increased usage of renewable energy is expected to be met at individual country-level through their own policies.
• Renewable Energy Incentives and Mandates: In order to meet the emission reduction target laid out in the EU directive, Germany adopted its own national climate action plan. The EEG enacted in 2000 regularly monitors and adjusts the tariffs to suit market conditions and technological developments.
• Energy Security: Germany is increasingly substituting its fuel-based power generation with domestically-produced renewable energy, primarily to reduce its dependency on imports of fossil fuels from countries such as Russia.
Key findings from this report
• In 2008, Germany's electricity generation totaled 612.8TWh, an increase of 0.3% over 2007. During 2004–08, Germany's electricity generation increased at a low CAGR of 0.7% largely due to adoption of energy efficiency measures with the aim to reduce growth in demand.
• Contribution of fossil-fuel based generation to the total electricity generation in Germany reduced from 90.3% in 2004 to 84.9% in 2008, while share of renewables increased from 9.7% in 2004 to 15.1% in 2008. Germany's increased preference for renewables is driven by the need to replace fossil fuels while countering climate change.
• Installed capacity for electricity generation from renewable sources increased from 4,651MW in 1990 to 37,406MW in 2008 largely led by phenomenal growth in wind energy capacity from 56MW in 1990 to 23,895MW in 2008.
Key questions answered
• What are the drivers shaping and influencing new capacity installed in the energy industry?
• How will renewable energy technologies capacity share perform to 2050? What are the opportunities?
• What are the forecast market growth rates 2008-2050?
• What is the policy framework governing the renewable energy market?
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