Germany produced record 35% of power from renewables in 1st Half


02/07/2017 18:31 AST

Germany raised the proportion of its power produced by renewable energy to 35 percent in the first half of 2017 from 33 percent the previous year, according to the BEE renewable energy association.

Germany is aiming to phase out its nuclear power plants by 2022. Its renewable energy has been rising steadily over the last two decades thanks in part to the Renewable Energy Act (EEG) which was reformed this year to cut renewable energy costs for consumers.

Germany has been getting up to 85 percent of its electricity from renewable sources on certain sunny, windy days this year.

The BEE reported on Sunday the overall share of wind, hydro and solar power in the country's electricity mix climbed to a record 35 percent in the first half.

The government has pledged to move to a decarbonized economy by the middle of the century and has set a target of 80 percent renewables for gross power consumption by 2050.

It aims to cut greenhouse gas emissions by 40 percent in 2020 from 1990 levels and 95 percent by 2050.

Reuters
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 140.2 89,927
SECO 24.11 799,660
GFH 0.58 10,000
SABIC 99.88 1,998,578
RIBL 10.76 308,413
BATELCO 0.23
EMIRATESNBD 8.09 167,938
Recent News

Saudi's NCB Q2 net profit flat, operating income down
Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, reported a 0.9 percent dip in second-quarter net profit on Sunday as a drop in operating expenses was offset by lower ope

Arabian Pipes Co. announces the Appointment of new CEO
Arabian Pipes Co. announces that the Board of Directors accepted during their meeting today 23 Jul 2017 that appointment of Eng. Ahmed Ali Al-Lohaidan as CEO starting from 24-07-2017 It's worth menti

Deyaar announces H1 2017 revenues of AED 316 million
Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, today announced its financial results for the first half of 2017.

Deyaar reported %

Burgan Bank's H1 net income up 24pc
Kuwait-based Burgan Bank Group has registered a 24 per cent jump in its net income for the first half of 2017 which soared to KD39 million ($128 million) from last year's KD31.4 million ($103.5 milli

Kuwait's trade surplus with Japan up 46pc
Kuwait's trade surplus with Japan expanded by 46.1 per cent from a year earlier to 25.6 billion yen ($228 million) in July, up for the sixth month in a row, thanks to brisk exports, said state news a

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?