Wholesale power prices in Germany have fallen to record lows in the wake of the coronavirus pandemic. About 5,000 onshore wind turbines with 3.7 Gigawatt combined capacity are at risk of being taken offline next year when their support from Germany’s renewable surcharge (EEG levy) runs out, prompting calls to extend the scheme.
Climate policy linked to the European Green Deal and the digital transformation will be “at the centre” of the German EU Council presidency in the second half of 2020, Chancellor Merkel told parliament. “Recovery after the crisis must be a ‘green recovery,’” a strategy paper by the foreign office reads.
Thailand’s energy regulator has approved Gulf Energy’s application to import 0.3 million tons of LNG for use in 19 small-scale power plants, operated by the state-owned utility EGAT. Hin Kong Power Holding, 49% owned by Gulf Energy, also won a license to import 1.4 mtpa of LNG, bringing the total to 1.7 mtpa.
German research minister Anja Karliczek has called on the government not to “waste any more time debating” and come to a prompt decision on a national hydrogen strategy. The latest draft focuses on green hydrogen from renewable energy, as well as blue hydrogen, produced via carbon capture storage (CCS).
Green stimulus packages, fiercely debated in Germany, could be instrumental to reset the economy on a more climate-friendly path as the country gradually phases out both nuclear and coal power. However, calls from the industry to loosen emission regulations to boost economic activity are growing louder.