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Germany throws down the gauntlet in renewable energy race

23 Oct

Germany to invest heavily in Renewable Energy and Energy Storage
Following Germany’s decision to abandon nuclear power which currently provides over 28% of the country’s electricity, the German Development Bank (KFW) is to underwrite renewable energy and energy efficiency investments in Germany with $137.3 billion over the next five years. The loans and projects are designed to underwrite a broad array of energy areas, including energy efficiency and smart grids, as well as wind and solar energy generation.
Germany’s aggressive push into renewable energy will doubtless be watched by other industrialized societies from Tokyo to Washington.

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