Renewable energy lowers prices despite shutdown of nuclear power plants

Renewable energy lowers prices despite shutdown of nuclear power plants

New figures show that Germany continues to export electricity despite shutting down seven nuclear power plants. At the same time, Bloomberg announced that the continued expansion of renewable energies in Germany lowered the price of electricity. German Office of Statistics announced that the country exported more electricity in the first half of 2011 than it imported. This

New figures show that Germany continues to export electricity despite shutting down seven nuclear power plants. At the same time, Bloomberg announced that the continued expansion of renewable energies in Germany lowered the price of electricity.

German Office of Statistics announced that the country exported more electricity in the first half of 2011 than it imported. This refuted the speculation that Germany imported electricity to compensate for the lack of electricity created shutting down nuclear power plants.

However, the amount of exports compared to imports is less than in 2010,  4 TWh, with the proviso that it applies to exports of just 1% of electricity consumption in Germany, because Germany is in the first six months spent more than 300 TWh of electricity. In the first six months of 2010, Germany exported 11 TWh of electricity more than they imported.

For Germany, it is expected that in 2013 they will install 7000 MW of wind power and solar which is more than what is planned for 2012. This is a result of further qualitative feed-in-tariffs in Germany.

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