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Germany at the forefront of the energy transition

Authors
James Brand
+44(20)754-74705
Debbie Jones
+44(207)541-3235

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
 

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