For the first time, offshore wind energy in Germany is being used to stabilise the country’s electricity system in case of grid fluctuations. The offshore wind farm Riffgrund 1, operated by Danish energy company Orsted, will act as a so-called secondary reserve for the grid, meaning “offshore wind power is just as reliable as power […]
German start-up 1Komma5 Grad secures over EUR 200 million – EQ Mag Pro
1Komma5 Grad, a German start-up specializing in solar energy, power storage and e-mobility options, has raised greater than EUR 200 million (USD 217.2m) in a Collection A financing spherical to assist its plan to equip 1.5 million buildings throughout Europe with carbon-neutral expertise for electrical energy, heating and mobility by the tip of the last […]
German parties aim to abolish renewable energy surcharge from 2023-sources – EQ Mag Pro
FRANKFURT : Germany’s Social Democrats, Greens and Free Democrats have reached an initial agreement in talks on forming a new government to abolish a renewable energy surcharge by January 2023, negotiators told Reuters on Wednesday. The EEG surcharge, which is used to fund wind and solar power production costs of more than 20 billion euros […]
Will be better if India also achieves carbon neutrality by 2050: German envoy – EQ Mag Pro
New Delhi : It will be better if India also achieves carbon neutrality by 2050 as every country needs to make more efforts to deal with the climate crisis, German Ambassador to India Walter J Lindner said on Sunday. Carbon neutrality refers to the idea of achieving net zero greenhouse gas emissions by balancing those […]
German auto giants place their bets on hydrogen cars – EQ Mag Pro
BMW is hydrogen’s biggest proponent among Germany’s carmakers, charting a path to a mass-market model around 2030. Battery power may be the front runner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of some major automakers, including BMW and Audi, which are developing hydrogen fuel-cell […]
German Developer WPD Adds Onshore Wind Farm in the Philippines
The 75.6 MW project is part of the grid reinforcement for Cebu, Negros and Panay islands. German wind and solar developer WPD is adding another project to its pipeline in the Philippines. The project, located in Aklan Province in Western Visayas, is an onshore wind farm with a total capacity of 75.6 MW. Triconti ECC […]
German Carmaker Opel to be 100 Per Cent Electric in Europe By 2028: CEO
Opel is owned by European carmaker Stellantis, which was born out of the merger this year of Peugeot-Citroen and Fiat Chrysler. German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in Europe by 2028, one of the most ambitious greening targets in the accelerating shift to electric vehicles. Carmakers […]
Solarwatt And BMW Cooperate on Home Batteries
The German battery market is currently led by Solarwatt rival Sonnen, part of Shell. Solarwatt will start selling storage batteries from this autumn in cooperation with carmaker BMW amid an ongoing convergence of renewable power and electric mobility, the German photovolatic firm announced on Wednesday. Under the deal, BMW will supply battery components also used […]
Exclusive: German Battery Group BMZ Plans September IPO, Sources Say
BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. FRANKFURT: German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), […]
German Power Grids Brace For Thursday’s Solar Eclipse
The event will take place between 0920 GMT and 1140 GMT on Thursday in northern Europe, an Amprion background paper said. FRANKFURT : Electrical transmission networks in Germany are preparing for a solar eclipse this week that could trigger a sudden fall of around 1 gigawatt (GW) in solar power output, grid firm Amprion said […]