78% of Germany's Energy Supplied by Renewables
Ideal weather means high energy production
Germany's changes to its energy portfolio have been huge, and July 25, 2015 marked a milestone and a sign of future possibilities.
The country is aiming to remove all nuclear power plants by the year 2022, a move spurred by the Japanese Fukushima nuclear disaster in 2011. It also wants to cut greenhouse gases by 80% before 2050, while doubling the percentage of renewable energy in the country's portfolio by 2035.
For several of these goals, Germany is well on its way. On Saturday, July 25, 78% of the country's energy production came from renewable energy.
German energy expert Craig Morris cites ideal weather conditions for this kind of achievement: stormy skies and lots of wind up north where much of Germany's wind turbines are located, and sunny skies down south where the country's solar farms can be found. This came in addition to biomass and hydro-power which boosted clean energy production to record highs.
Some have voiced concerns that, in Germany's attempt to kill off nuclear energy sources, they will have to fall back on high-emission fossil fuels like coal. Indeed, the country still gets an average of 44% of their energy from coal power.
However, Germany's push to boost renewable sources has cut emissions in recent years. In 2014, greenhouse gases dropped 4.3% year-over-year, and are currently at their lowest levels since 1990.
The U.S. has some catching up to do on this front. Currently, only 13% of American energy comes from renewable sources, compared to Germany's average of 28%.
Two American companies, IBM and the National Renewable Energy Laboratory (NREL) are working together to develop a solar and wind forecasting system that is at least 30% more accurate to help improve the efficiency of such technologies.
IBM Research Manager Hendrick Hamann states, “As we continue to refine our system in collaboration with the DOE [Department of Energy], we hope to double the accuracy of the system in the next year.”
Germany's seems to be a good model to follow going forward.
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Until next time,
A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital as well as Investment Director of Angel Publishing's Energy Investor. For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations — all ahead of the mainstream media. For more on Keith, go to his editor's page.
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