Germany's Scholz says Berlin is preparing wind power roadmap - Bild



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Germany's Scholz says Berlin is preparing wind power roadmap - Bild</title></head><body>

FRANKFURT, Feb 5 (Reuters) -Berlin is preparing a roadmap for speedy wind power plant constructions to achieve a planned roll-out of renewable energy to meet climate goals for 2030, Chancellor Olaf Scholz said in a newspaper interview on Sunday.

Germany aims to cut 65% of carbon dioxide emissions by 2030 compared with 1990 and to become carbon-neutral by 2045.

"By 2030, there will be an average of four to five onshore wind turbines on land every day," Scholz, a Social Democrat, told the Bild am Sonntag.

"Every month, there will be a discussion with the states on how far they have progressed. Anything that is not done on time must be made up for," said the Chancellor.

The energy crisis, brought about by war in Ukraine, has shown Germany's resilience amid supply shocks, he said.

But beyond that capability, more innovation and modernisation of Germany's export-geared manufacturing industry was necessary.

Once the expansion of wind and solar power was progressing in full swing, Europe's biggest economy would become less dependent on imports of fossil fuels such as gas, coal or crude oil, he said.

Berlin has approved measures to speed up the wind and solar power roll-out as well as that of offshore wind.

In total, Germany should have access to 360 megawatts (MW) of green electricity capacity by 2030.



Reporting by Vera Eckert, editing by Elaine Hardcastle

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.