1. Research
February 21, 2022
To listen to the new podcast click here

Germany at the forefront of the energy transition

James Brand
Debbie Jones

James Brand, Head of European Utility Research has just published a new report discussing the ambitious targets set by Germany's coalition government, arguably Europe's most ambitious decarbonisation targets. The targets aims to transform Germany's power market, reaching 80% renewable generation by 2030 while closing its remaining nuclear plants and phasing out coal and could put Germany at the forefront of the energy transition. He uses an hourly German power market model to analyse how its targeted mix can adapt to the biggest challenges of energy transition: renewable intermittency and demand seasonality.

In the report James explores questions including:
  • The German government presented its official coalition agreement late last year, which was ambitious across a range of areas. What is it targeting for the utility sector?
  • What needs to happen for the government’s targets to be achieved?
  • New gas-fired generation is needed - why it is not possible to meet demand solely through renewables?
  • What does this mean for prices – in the near-term power & gas prices have been very high?
  • Hydrogen has played an important role in the coalition plans – could this be used at some point instead of natural gas?

Listen to the latest episode of Podzept titled ‘Germany at the forefront of the energy transition’.
Clients of Deutsche Bank Research can access the full report here  German Utilities: Decarbonising power & gas: the intermittency & seasonality challenges

© Copyright 2024. Deutsche Bank AG, Deutsche Bank Research, 60262 Frankfurt am Main, Germany. All rights reserved. When quoting please cite “Deutsche Bank Research”.

The above information does not constitute the provision of investment, legal or tax advice. Any views expressed reflect the current views of the author, which do not necessarily correspond to the opinions of Deutsche Bank AG or its affiliates. Opinions expressed may change without notice. Opinions expressed may differ from views set out in other documents, including research, published by Deutsche Bank. The above information is provided for informational purposes only and without any obligation, whether contractual or otherwise. No warranty or representation is made as to the correctness, completeness and accuracy of the information given or the assessments made. In Germany this information is approved and/or communicated by Deutsche Bank AG Frankfurt, licensed to carry on banking business and to provide financial services under the supervision of the European Central Bank (ECB) and the German Federal Financial Supervisory Authority (BaFin). In the United Kingdom this information is approved and/or communicated by Deutsche Bank AG, London Branch, a member of the London Stock Exchange, authorized by UK’s Prudential Regulation Authority (PRA) and subject to limited regulation by the UK’s Financial Conduct Authority (FCA) (under number 150018) and by the PRA. This information is distributed in Hong Kong by Deutsche Bank AG, Hong Kong Branch, in Korea by Deutsche Securities Korea Co. and in Singapore by Deutsche Bank AG, Singapore Branch. In Japan this information is approved and/or distributed by Deutsche Securities Inc. In Australia, retail clients should obtain a copy of a Product Disclosure Statement (PDS) relating to any financial product referred to in this report and consider the PDS before making any decision about whether to acquire the product.