Some 118 gigawatts (GW) of output from renewable energies were installed in Germany in 2018, which covered almost 38% of the gross electricity consumption. 59 GW of this installed output was accounted for by wind energy, 45 GW by solar energy, 5.6 GW by hydropower and 8.4 GW by biomass.
Since 2000, the fixed remuneration offered by the German Renewable Energies Act (EEG) has enabled strong growth in wind power plants in Germany. However, the reform to the EEG in 2017 has put the brakes on this upward trend: The act introduced upper limits to the expansion of renewable energies, the bureaucratic burden and costs for the development of wind farms has increased and the approval times for new power plants have since lengthened dramatically – due to, amongst other things, an increase in the cases of legal action taken against already issued approvals across Germany. The expansion of wind power has collapsed as a result.
We are ardent supporters of the Energiewende and want to continue to use our expertise as an investor, developer and operator of wind and photovoltaic power plants even under these difficult conditions. Today, we are already the third-largest project developer for onshore wind power in Germany and we want to further expand this area and also our engagement in offshore wind power. This is why we are working together with selected international partners to target new growth opportunities abroad. This strategy of selective internationalisation has already shown initial success in France and Sweden.