By Paul Homewood
h/t Dennis Ambler
The German grid regulator and Green-led ministry of economy and climate action aim to construct up to 21 GW worth of additional gas power plants to guarantee a stable and reliable grid, according to internal documents.
By 2030, the German government wants the country to run on 80% renewable electricity and fully phase out coal. Gas power plants are expected to cover the remaining 20% and account for low wind and low sun periods.
“Investments in gas-fired power plants […] continue to make sense provided that corresponding LNG [liquified natural gas] capacities are created and prices normalise,” reads a ministry document.
In total, while German gas consumption is expected to go down due to the electrification of heating, gas power plants are expected to almost double in capacity. In November 2022, gas power capacity amounted to 27.5 Gigawatts (GW).
Going forward, the regulators note…
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