German bureaucrats have come up with over 4,000 different subsidy categories for renewable energy, apparently adhering to the principle that what is particularly expensive has to be lavishly subsidized. As a result, a large proportion of the subsidies are used to support highly inefficient technology, such as solar parks in regions of eastern Germany that receive relatively little sunlight and wind turbines far off Germany's North Sea coast. ...if the Energiewende turns out to be a climate killer, it would be better to call the whole thing off.
Library filed under Offshore Wind from Germany
Michael Limburg, vice-president of the European Institute for Climate and Energy, told CNN that the government's energy targets are "completely unfeasible." The rapid transition to renewables is economically "insane," arguing that wind farms will cost at least 13 times more than traditional coal plants.
Only recently, the offshore wind industry was seen as an opportunity to regenerate Germany's coast. But amid changing political attitudes and spiraling costs, several companies are struggling to survive. Is the wind boom over before it even really began?
A British diver was killed while performing underwater work at the 108 MW Riffgat offshore wind farm, located north of Borkum in the North Sea. The 26-year-old was buried in 20-meter water depth by a concrete mat, Die Welt reports.
An anonymous complaint about Windreich's financial management prompted Stuttgart public prosecutors to search the company's premises yesterday. German press reports claim that allegations focus on manipulation of the company's balance sheet and fraud, amongst other issues.
RWE AG (RWE) is delaying investments. SIAG Nordseewerke GmbH filed for insolvency. REpower Systems SE is cutting temporary staff. All show how German Chancellor Angela Merkel’s 550 billion-euro ($734 billion) plan to replace nuclear reactors with renewable sources is stalling.