Germany will need to invest more than $1 trillion by 2030 to address the immediate risks of an energy crisis caused by the conflict in Ukraine, Bloomberg analysts have calculated.
Experts estimate that this amount of money will be needed to invest in upgrading electricity networks to phase out the use of coal and nuclear power plants, meet the increased demand from electric vehicles and heating systems, and meet climate commitments. To date, Germany has allocated more than $275 billion for these purposes, but the final decision will be much more expensive, the agency emphasizes.
The German authorities expect to install solar panels on an area equivalent to 43 football fields, ensure the daily operation of 1.6 thousand heat pumps, build 27 land and four offshore wind farms weekly, German Chancellor Olaf Scholz said during a visit to Volkswagen headquarters in Wolfsburg . The German grid regulator and think tank Agora Energiewende estimate that by 2030 the republic will need to generate an additional 250 gigawatts against the background of a third increase in demand by this year.
“This bold undertaking is perhaps the most ambitious project since the reconstruction of Germany [после Второй мировой войны],” said Vice Chancellor Robert Habeck, who oversees energy and climate policy.
Source: Rosbalt
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