Robert Habeck, Germany’s Economy Minister, said that the country is likely to generate more than 50 per cent of its power from renewable energy this year, but that it needs to increase the speed of its transition.
He said that with demand for electricity on the rise, renewables would have to account for 80 per cent of power generation by 2030. He said: “We won’t get there at the current pace.”
Habeck, whose portfolio also includes energy and climate action, spoke of a boom in the solar power industry, with this year’s target of achieving 9 GW capacity expected to be reached. The expansion of onshore wind energy was also progressing well, he said, with 2022’s full-year volumes already reached by the end of July 2023. He also said, however, that offshore wind energy expansion was being hampered by a lack of components needed to build the facilities.