Going nuclear-free: Germany smashes solar power world record - News and Current Events | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Going nuclear-free: Germany smashes solar power world record
Started:May 27th, 2012 (10:44 AM) by kbit Views / Replies:241 / 0
Last Reply:May 27th, 2012 (10:44 AM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Going nuclear-free: Germany smashes solar power world record

Old May 27th, 2012, 10:44 AM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Going nuclear-free: Germany smashes solar power world record

Germanyís solar power plants produced a record 22 gigawatts of energy on Friday, equivalent to the output of 20 nuclear plants. The country is already a world-leader in solar power and hopes to be free of nuclear energy by 2022.

The director of the Institute of the Renewable Energy Industry (IWR) in Muenster, northeast Germany, said the solar power delivered to the national grid on Saturday met 50 per cent of the nationís energy quota.

"Never before anywhere has a country produced as much photovoltaic electricity. Germany came close to the 20 gigawatt (GW) mark a few times in recent weeks. But this was the first time we made it over," Norbert Allnoch told Reuters news agency.

The German government decided to turn its back on nuclear energy last year after the Fukushima disaster and plans to be nuclear-free by 2022. Critics have rounded on the initiative, skeptical that renewable sources can meet the nationís growing energy needs.

ďThis shows Germany is capable of meeting a large share of its electricity needs with solar power. It also shows Germany can do with fewer coal-burning power plants, gas-burning plants and nuclear plants," stressed Allmoch.

Merkelís government has invested large amounts of money in restructuring the nationís energy infrastructure and weaning it off atomic energy. It has almost as much solar power energy units as the rest of the world combined and currently generates four per cent of its annual energy needs from the Sun.

Utilities and consumer groups have complained that increased use of solar energy will push up the price of electricity in Germany.

German tax payers currently shell out around $5 billion annually for solar energy, an Environmental Ministry report says. Chancellor Merkel has tried to slash prices but has been blocked by the German parliament.

Germany is also planning to ratchet up its use of other renewable forms of energy in an attempt to compensate for its nuclear shortfall.

The government will capitalize on wind, solar and bio-mass as well as increased use of coal power stations to produce its power.

However, in spite of increased investment, Bundesnetzagentur, the countryís new energy regulator, has predicted widespread power cuts as the power grid is put under extra pressure this winter.

Bundesnetzagentur has said Germany will have an energy capacity gap of approximately 10 Gigawatts, equivalent to the output of 15 power stations.

In addition, critics have voiced fears that increased use of unreliable energy resources such as wind power and solar energy will put a lot of strain on the national grid because of fluctuations in output, making it very unstable.

Although Germany faces significant hurdles in its race towards a nuclear-free future, it still remains a world-leader in renewable energies.

Going nuclear-free: Germany smashes solar power world record (PHOTOS) — RT

Reply With Quote
The following user says Thank You to kbit for this post:


futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Going nuclear-free: Germany smashes solar power world record

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Nuclear Power Fanboys Take Note - Fuksushima on the Missouri River? Zondor Off-Topic 88 November 24th, 2013 11:57 PM
U.N. nuclear chief says "must alert world" about Iran GridKing News and Current Events 0 November 17th, 2011 12:02 PM
13-Year-Old Looks at Trees, Makes Solar Power Breakthrough GridKing News and Current Events 0 August 19th, 2011 07:06 PM
Nuclear Power Fears at New Heights Despite Safety, Viability Quick Summary News and Current Events 0 April 11th, 2011 10:00 PM
Morgan Stanley Swings to Profit, Smashes Estimates Quick Summary News and Current Events 0 July 21st, 2010 08:30 AM

All times are GMT -4. The time now is 08:13 AM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-25 in 0.06 seconds with 19 queries on phoenix via your IP