Tag Archives: Germany

Germany’s Federal Network Agency (Bundesnetzagentur) has reported that 350.4 MW of new PV capacity was installed in the country in December. By comparison, newly installed PV capacity hit 421 MW in December 2021, and 675 MW in November 2022. In 2022, new PV additions reached 7.19 GW, which compares to …

Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how “$2 Trillion Of German Value Depends On $20 Billion Of Russian Gas” or, specifically, how Germany had applied some 100x leverage – much more than Lehman – on cheap commodities, and mostly Russian gas, to …

Germany saw an increase in crude oil import volumes of 11.1% during the first ten months of last year, new BAFA data showed on Friday, cited by Reuters. But the bill for that volume nearly doubled compared to the year prior at $55.98 billion. Throughout 2022, Germany continued to lean …

A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Europe’s top economy is rushing to diversify away from former top supplier Russia. The Hoegh Gannet vessel arrived at the Brunsbuettel …

Germany has come up with development plans for offshore wind turbine sites, eyeing 30 GW of installed power capacity by 2030, the Economy Ministry said in a Friday statement, according to Reuters. The Federal Maritime and Hydrographic Agency’s (BSH) plan allows for even more wind power capacity, with adequate space …

Kazakhstan has secured approval from Russia to use its pipeline infrastructure to transport 300,000 tons of oil to buyers in Germany in the first quarter of this year, a state-run company announced on January 13. Kaztransoil, a state-owned oil transportation company, said in its statement that oil sourced from the …

Green hydrogen is all the rage these days. During November’s United Nations Climate Change Conference (COP27) in Egypt, German Chancellor Olaf Scholz announced that Germany will invest more than €4 billion in developing a market for it. In the United States, President Joe Biden’s administration has made “clean” hydrogen a …

The energy shortages plaguing Europe’s largest economy since 2021 have affected its attractiveness as an investment destination. According to a report in the German daily Augsburger Allgemeine, Germany now ranks 18th out of 21 countries, falling four places in the ranking produced by the German economic research institute ZEW, Reuters …

TotalEnergies will supply LNG and is contributing a floating storage and regasification unit (FSRU) to the Deutsche Ostsee LNG import terminal in Lubmin on the German Baltic Sea coast, which will be inaugurated on Saturday, the French supermajor said on Friday. The project, whose inauguration will be attended by German …

Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. German power producer RWE and Norwegian state-owned energy firm Equinor on Thursday announced plans to build hydrogen-fueled power plants in Germany over the next few years, as well as a major pipeline …