The German Parliament has approved an “aggressive” new version of its landmark Renewable Energy Sources Act, which was first made into law in 2000.
Germany has strengthened its Advanced Renewable Tariff program, setting a minimum requirement of no less than 35% renewable energy it the nation’s total electricity supply by 2020, no less than 50% by 2030, no less than 65% by 2040 and no less than 80% by 2050.
Germany decided to abandon its nuclear power effective in 2012, and in its place, will significantly boost domestic production of renewable energy. Besides setting ambitious generation targets, this revised Renewable Energy Sources Act will either maintain or increase tariffs for key renewable energy technologies, including biomass, geothermal, on- and off-shore wind and solar photovoltaics (PV).
Solar PV is of particular interest to Germany. The Parliament is aiming to continue a “growth corridor” of 3,500MW of new development per year. If this rate continues, Germany’s PV capacity is likely to surpass 50,000MW by 2020, keeping the nation firmly entrenched as the global PV leader.