{"id":246209,"date":"2023-02-28T20:37:51","date_gmt":"2023-02-28T19:37:51","guid":{"rendered":"https:\/\/climatescience.press\/?p=246209"},"modified":"2023-02-28T20:37:58","modified_gmt":"2023-02-28T19:37:58","slug":"germany-faces-1-trillion-challenge-to-plug-massive-power-gap","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=246209","title":{"rendered":"Germany Faces $1 Trillion Challenge to Plug Massive Power Gap"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

<\/a><\/p>\n\n\n\n

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<\/a><\/p>\n\n\n\n

Germany has set aside more than \u20ac260 billion ($275 billion) to deal with the immediate risks of an energy crisis triggered by Russia\u2019s war in Ukraine, but the ultimate fix will be much costlier \u2014 if the country can pull it off at all.<\/strong><\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n


The pending price tag for future-proofing the country\u2019s energy system is projected to amount to over $1 trillion by 2030, according to BloombergNEF. The costs include investments in upgrading power grids and above all new generation to manage the phase out of nuclear and coal plants, handle increased demand from electric cars and heating systems, and meet climate commitments.<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

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The transition will require the installation of solar panels covering the equivalent of 43 soccer fields and 1,600 heat pumps every day. It also needs 27 new onshore and four offshore wind plants to be built per week, according to a wish list presented by Chancellor Olaf Scholz during a recent visit to Volkswagen AG\u2019s headquarters in Wolfsburg.<\/em><\/p>\n\n\n\n


\u201cThis is a bold undertaking \u2014 possibly the boldest project since the reconstruction of Germany,\u201d Vice Chancellor Robert Habeck, who oversees climate and energy policy, said earlier this month.<\/em><\/p>\n\n\n\n


Around 250 gigawatts of new capacity will have to be installed by 2030 \u2014 when power demand is expected to be about a third higher than it is now \u2014 according to estimates from Germany\u2019s network regulator and think tank Agora Energiewende.<\/em><\/p>\n\n\n\n


To put the scale of the challenge in context, the required generation is enough to cover current household demand for all 448 million people in the European Union. The additions will be a mix of renewables and gas-fired plants \u2014 that might one day be converted to run on hydrogen.<\/em><\/p>\n\n\n\n


It will be a long road to get there. This week, the government announced it will prepare tenders this year for gas plants that account for about a tenth of that capacity. And for renewable expansion, setting up a single wind mast can takes as long as seven years to clear Germany\u2019s red tape.<\/em><\/p>\n\n\n\n


BASF SE\u2019s plans to cut 2,600 jobs as it faces strains from the energy crisis is a sign of the urgency. The chemical giant\u2019s operations in Germany swung to a loss during the second half, and it\u2019s now closing a number of energy-intensive factories, including two ammonia plants and related fertilizer facilities, resulting in 700 job cuts at its main Ludwigshafen site.<\/em><\/p>\n\n\n\n

https:\/\/www.bloomberg.com\/news\/articles\/2023-02-25\/germany-faces-1-trillion-challenge-to-plug-massive-power-gap?mc_cid=6bf84a335e&mc_eid=4961da7cb1<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Germany has set aside more than \u20ac260 billion ($275 billion) to deal with the immediate risks of an energy crisis triggered by Russia\u2019s war in Ukraine, but the ultimate fix will be much costlier \u2014 if the country can pull it off at all.<\/p>\n","protected":false},"author":121246920,"featured_media":246217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-246209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","9":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-990.png?fit=1280%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1237","jetpack-related-posts":[{"id":247259,"url":"https:\/\/climatescience.press\/?p=247259","url_meta":{"origin":246209,"position":0},"title":"Claim: Climate Change will Cost Germany $960 Billion by 2050","author":"uwe.roland.gross","date":"13\/03\/2023","format":false,"excerpt":"Simple economics dictates that Germany should ditch their failed green ideas, and accept the $960 billion loss by 2050, if it actually occurs.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-307.png?fit=1200%2C887&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":288615,"url":"https:\/\/climatescience.press\/?p=288615","url_meta":{"origin":246209,"position":1},"title":"Major Setback For German Green Transformation As Top Court Rules Funding Unconstitutional!","author":"uwe.roland.gross","date":"25\/11\/2023","format":false,"excerpt":"Chancellor Olaf Scholz In a recent development that has thrown Germany into financial disarray, the nation\u2019s\u00a0constitutional court has overturned Chancellor Olaf Scholz\u2019s spending strategy. This ruling has caused a \u20ac60 billion\u00a0deficit in the country\u2019s finances and has led to a proposed suspension of the constitutional law that restricts borrowing. NoTricksZone\u2026","rel":"","context":"In \"60 billion euros\"","block_context":{"text":"60 billion euros","link":"https:\/\/climatescience.press\/?tag=60-billion-euros"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0AA-20230224-30403811-30403805-GERMAN_CHANCELLOR_OLAF_SCHOLZ.webp?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0AA-20230224-30403811-30403805-GERMAN_CHANCELLOR_OLAF_SCHOLZ.webp?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0AA-20230224-30403811-30403805-GERMAN_CHANCELLOR_OLAF_SCHOLZ.webp?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0AA-20230224-30403811-30403805-GERMAN_CHANCELLOR_OLAF_SCHOLZ.webp?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0AA-20230224-30403811-30403805-GERMAN_CHANCELLOR_OLAF_SCHOLZ.webp?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":234339,"url":"https:\/\/climatescience.press\/?p=234339","url_meta":{"origin":246209,"position":2},"title":"Green Germany Haemorrhaging \u20ac1.5 Billion per DAY to Keep the Lights On","author":"uwe.roland.gross","date":"15\/12\/2022","format":false,"excerpt":"How is that wind and solar working for you Germany? 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