Germany To Abandon $1.1 Trillion Wind Power Program By 2019

Please Share This Story!

TN Note: Wind power is four times more costly than nuclear power, and has proven to be a total disaster for Germany, which subsidizes its wind power industry. So, how is it working out for them? Well, they threw $1.1 trillion down the sink-hole. 

Germany plans to stop building new wind farms by 2019, gradually turning away from its $1.1 trillion wind power program, according to a Thursday report in Berliner Zeitung.

The government plans to cap the total amount of wind energy at 40 to 45 percent of national capacity, according to the report. By 2019, this policy would cause a massive reduction of 6,000 megawatts of wind power capacity compared to the end of 2015’s capacity.

“The domestic market for many [wind turbine] manufacturers collapses completely,” Julia Verlinden, a spokesperson for the German Green Party, told Berliner Zeitung. “With their plan, the federal government is killing the wind companies.” Verlinden goes on to blame the political influence of “old, fossil fuel power plants.”

Germany’s government, however, has been very supportive of wind power.

The government estimates that it will spend over $1.1 trillion financially supporting wind power, even though building wind turbines hasn’t achieved the government’s goal of actually reducing carbon dioxide (CO2) emissions.

Germany created lucrative subsidies and tax benefits for wind power in 2011 after it decided to abandon nuclear power entirely by 2022 following the Fukushima Daiichi nuclear disaster in Japan. German utilities are already suing the government for $21 billion over the nuclear shutdown plan.

Electricity from new wind power is nearly four times as expensive as electricity from existing nuclear power plants, according to analysis from the Institute for Energy Research. The rising cost of subsidies is passed onto ordinary rate-payers, which has triggered complaints that poor households are subsidizing the affluent.

Nuclear power made up 29.5 percent of Germany’s energy in 2000 — in 2015, the share dropped down to 17 percent.

Read full article here…

Join our mailing list!

2 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
2 Comment authors
Marvin CohnJohn Travis Recent comment authors
newest oldest most voted
Notify of
John Travis
John Travis

It is hopeful that even the German cheats of VW proven carcinogenic diesel fumes understand the utter nonsense of financing with Brussels printed Euro paper the kindergarten level windmills which kill birds and increase CO2 by the millions. The whole exercise was to pocket money for the few selected. At long last and good riddance soonest.

Marvin Cohn
Marvin Cohn

The EPA has got to go.