A German grid body has fined traders for manipulating the energy market

The German Federal Network Agency (BNetzA) has fined Energi Danmark and Optimax Energy a total of 200,000 euros and 175,000 euros, respectively, for market manipulation in the wholesale energy market. According to a news release from the BNetzA, in June…

With “great hopes” for the incoming government in Germany’s renewables industry

Industry groups representing the renewable energy sector have put up a set of recommendations to the next federal administration in order to expedite the growth of green energy sources. As the German Renewable Energy Federation (BEE) said, “from an energy…

Germany’s gloomy summer of 2021 is compensated for by an increase in solar PV capacity

According to new figures from the renewable energy statistics group AGEE-Stat, Germany’s solar PV installations generated 40.7 terawatt-hours (TWh) of electricity between January and August 2021, roughly the same amount as they did during the same period the year before…

German electricity costs have continued to climb as a result of the first gas provider ceasing service

A variety of reasons are contributing to the increase in power prices experienced by German families. According to a dpa story published by Die Zeit, growing procurement costs for energy companies, the rising price of CO2 certificates, which has more…

The German government claims that electric vehicle batteries are the “greatest successful industry policy project since Airbus.”

According to German Economy Minister Peter Altmaier, the manufacture of electric vehicle battery cells in Europe is on pace to become “the most successful industrial policy initiative since Airbus.” The CDU lawmaker made the comment in response to Mercedes-decision Benz’s…

According to an industry assessment, Germany has the potential to construct at least 60 GW of offshore wind

According to a research conducted by wind energy consultant WindGuard, Germany has the potential to build offshore wind turbines with a combined capacity of more than 60 gigatonnes (GW). Offshore turbines could generate more than 1.2 million tonnes of green…