BWO: Medium-term forecast sobering but not surprising

16 October 2020

The result of the medium-term forecast is sobering, but unfortunately not surprising, ”says Stefan Thimm. “If we continue on this course, we will achieve a lot in the end, but certainly not 65 percent renewable energies by 2030 and no climate neutrality by 2050. We urgently need to improve this. Offshore wind energy can and will make a significant contribution to this - but the framework conditions have to be right. "

First of all, clear development paths are needed. The goals of 20 GW offshore wind energy by 2030 and 40 GW by 2040 announced in the draft of the EEG amendment are a step in the right direction. They give the industry planning security.

Thimm also expressly welcomes the announced debate about the market design for financing renewable energies. However, the EEG must be preserved for the financing of renewable energies until a suitable market design has been developed and implemented. In order to achieve a fully market-driven expansion of renewable energies, numerous regulatory parameters must first be adjusted. “A quick shot - in the form of an early abolition of the EEG - would massively impair the further expansion of renewable energies. This consideration must therefore be tied to an appropriate market framework, ”says Thimm. For this, a transparent dialogue with all stakeholders must be set up promptly in order to define the requirements and such a market design. Then the design options would have to be identified and analyzed. “We are facing a real mammoth task here,” said Thimm.

(Copyright: enervis, source: medium-term forecast for Germany-wide electricity generation from EEG-subsidized power plants for the calendar years 2021 to 2025)

Thimm also refers again to the ongoing discussion on the amendment to the WindSeeG, which is intended to regulate many of the questions relevant to offshore wind - such as the expansion targets and the tender design. The industry continues to advocate the introduction of the contracts for difference (CFD) model. “Contracts for difference are a real no-regret measure. Especially against the background of the forthcoming further development of the store design, contracts for difference provide the necessary financial security for investors in order to achieve the expansion targets in a cost-efficient manner, ”says Thimm

The need for legal adjustments is minimal, since the difference contract model is based on existing structures. However, it offers enormous advantages, as it improves the cost efficiency of the further expansion of renewable energies and at the same time ensures that the CO2 reduction targets are achieved.

You can find the "Medium-term forecast for Germany-wide electricity generation from EEG-funded power plants for the calendar years 2021 to 2025" published yesterday here.

Via the Federal Association of Wind Farm Operators Offshore eV

The Federal Association of Wind Farm Operators Offshore (BWO eV) is the federal association of all companies that plan, build and operate wind farms in the German North and Baltic Seas. In this way, the BWO bundles the strength and know-how for a successful energy transition in Germany and Europe.

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Contact person:

Lena Dettmer

Head of Communications

Phone: + 49 (30) 28 444 650
Email: l.dettmer@bwo-offshorewind.de