Published Date : Nov 03, 2015
The meltdown of Japan’s Fukusima reactor in the year 2011 prompted Germany to switch off all of its nuclear power by 2022 and this gap was to be filled with renewables. This process was known as energy transition. This push for renewables in Germany has helped grow out of the anti-nuclear protests that happened in 1980s and presently over a quarter of the electricity in the country comes from renewable energy sources such as wind, solar, and biomass. In the future, the government in Germany is planning to boost its share of renewables in electricity to around 45% by end of 2025.
This is the most radical shift a country has ever attempted in the power supply sector in such a short space of time. This transition in the nation is one of the most ambitious economic project. According to the Green party’s spokesman, this energy transition can also be seen in the U.K. where they are cutting down on solar, PV for cost reasons while they are pledging to guarantee the energy price to become twice the market price in the next coming few years.
This energy transition has created new industries. Furthermore, around 370,000 Germans now work in the renewable energy industry which is twice the number of people that work in the fossil fuels sector, as per a green political think tank, Heinrich Böll Foundation. This energy transition is also lifting the economy and innovation. The energy transition in the country has completely erased the previous myth that push to renewables would put companies in Germany out of business.
Senvion is making one of the world’s most powerful wind turbines and this firm started to work on two orders in November that will be used for offshore wind parks in the North Sea. The growing energy transition in Germany is pushing various sector in the country towards more innovation and is projected to create competitiveness in the future.