Germany's Green Energy Revolution
Key Ideas
  • German companies are investing in climate change risk reduction measures like flood protection and cooling systems to safeguard profits against climate impacts.
  • US investor acquires majority stake in German solar pioneer Sunfarming, planning to invest in expanding agrivoltaics in Germany.
  • Rooftop solar installations in major German cities are rapidly growing, with solar output per household increasing by 34.7%.
  • Germany's milestone decision approves the hydrogen core network, paving the way for hydrogen to flow through pipelines by 2025, with an investment of almost EUR 19 billion.
Germany is making significant strides towards achieving net zero emissions by 2045 through investments in green technologies and renewable energy sources. German companies are adapting to climate change risks, such as flooding and heat, to protect profits. The country's solar sector is booming, with a US investor acquiring a stake in Sunfarming and plans to expand agrivoltaics. Rooftop solar installations in major cities are growing rapidly, with Essen leading as the 'solar capital.' Germany has approved the hydrogen core network, which will enable hydrogen flow through pipelines by 2025, investing almost EUR 19 billion in the project. Additionally, the country is focusing on sustainable battery technology and green innovation to lead in the global energy transition market.
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