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Since Germany will retire its last nuclear reactor in 2022 and agree to a plan to phase out coal by 2038, this means that half of its installed capacity
will need to be phased out during this time.
In order to smoothly transition the energy transition cycle, the German Solar Energy Industry Association (BSW-Solar) and The Smarter E, organizer of the Intersolar trade conference, commissioned Bonn market research company EuPD Research to examine how to avoid the scenario
of insufficient power supply.
The results show that renewable energy, especially solar energy, will be an important alternative energy source during the energy
transition period (until 2040).
The report shows that the short-term focus is on photovoltaics, which can be deployed faster than wind assets, are readily available and have low
power generation costs.
According to EuPD Research, as the country's electricity consumption will rise from 530 TWh last year to 880 TWh in 2040, Germany will need to install 162 GW of PV capacity by 2030 to help fill the supply gap
left by nuclear and coal.
By 2040, this number will increase to more than 250 GW
.
Analysts say the variability of solar power means that energy storage capacity
will also need to be significantly increased.
The study is expected to require a 30-fold expansion of energy storage capacity, from the current 1.
9 GWh capacity to 59 GWh
.
EuPD Research added that double-digit gigawatts of electrolytic capacitors are also needed to offset the decline in PV output in winter, and that the widespread use of natural gas and green hydrogen to ensure heating and transportation
is urgently needed.
For electric vehicles alone, the report predicts that an additional 70 TWh
will be needed in 2040.
By 2040, Germany will require its large-scale photovoltaic capacity to increase from 15.
7 GW to 126.
7 GW, including about 91 GW of commercial rooftop solar capacity, up from the current 24 GW, and residential systems must provide 35 GW, compared to the current 6.
6 GW
.
The study shows that wind power, biomass and other renewable energy sources will also make an important contribution
.
Onshore wind capacity must be increased by 3 GW per year, reaching 90 GW by 2030 and 115 GW
by 2040.
Offshore wind capacity must reach 7.
7 GW next year, 15 GW in 10 years, and 29.
4 GW
by 2040.
Since Germany will retire its last nuclear reactor in 2022 and agree to a plan to phase out coal by 2038, this means that half of its installed capacity
will need to be phased out during this time.
In order to smoothly transition the energy transition cycle, the German Solar Energy Industry Association (BSW-Solar) and The Smarter E, organizer of the Intersolar trade conference, commissioned Bonn market research company EuPD Research to examine how to avoid the scenario
of insufficient power supply.
The results show that renewable energy, especially solar energy, will be an important alternative energy source during the energy
transition period (until 2040).
The report shows that the short-term focus is on photovoltaics, which can be deployed faster than wind assets, are readily available and have low
power generation costs.
According to EuPD Research, as the country's electricity consumption will rise from 530 TWh last year to 880 TWh in 2040, Germany will need to install 162 GW of PV capacity by 2030 to help fill the supply gap
left by nuclear and coal.
By 2040, this number will increase to more than 250 GW
.
Analysts say the variability of solar power means that energy storage capacity
will also need to be significantly increased.
The study is expected to require a 30-fold expansion of energy storage capacity, from the current 1.
9 GWh capacity to 59 GWh
.
EuPD Research added that double-digit gigawatts of electrolytic capacitors are also needed to offset the decline in PV output in winter, and that the widespread use of natural gas and green hydrogen to ensure heating and transportation
is urgently needed.
For electric vehicles alone, the report predicts that an additional 70 TWh
will be needed in 2040.
By 2040, Germany will require its large-scale photovoltaic capacity to increase from 15.
7 GW to 126.
7 GW, including about 91 GW of commercial rooftop solar capacity, up from the current 24 GW, and residential systems must provide 35 GW, compared to the current 6.
6 GW
.
The study shows that wind power, biomass and other renewable energy sources will also make an important contribution
.
Onshore wind capacity must be increased by 3 GW per year, reaching 90 GW by 2030 and 115 GW
by 2040.
Offshore wind capacity must reach 7.
7 GW next year, 15 GW in 10 years, and 29.
4 GW
by 2040.