Germany’s ruling coalition sets new renewable energy targets


28.11.2013: In an effort to solidify their coalition, the Conservative Party (CDU) and the Social Democrats (SPD) have found a common line on Germany’s energy transition. According to several media articles citing people close to the matter, the ruling coalition has come up with a renewable energy target of 55% to 60 % of the country’s electricity mix by 2035. Prior to this solution, CDU was aiming for 50 to 55 % by 2030, whereas SPD was hoping for 75% by 2030. This target will influence how the coalition will make investment decisions regarding the development of new conventional and renewable energy power plants. © PHOTON