German Renewable Energy: A Bright Future for Companies Focused on Wind Energy

Martin Peter Roth submits:

Germany?s dramatic decision to close down by 2022 its nuclear plants ? currently providing about a quarter of the country?s electricity needs ? means a significant boost to its status as a renewable energy powerhouse.

At the end of 2010 renewable sources were responsible for about 17% of the country?s electricity. The government?s target is that this ratio will soar to 35% by 2020.

The government decision has not been welcomed by all in Germany. Many businesses expect it will lead to higher prices for electricity. Some are even predicting the possibility of blackouts at periods of peak demand.

But the government argues that any short-term pain will be easily offset by long-term gain, as German industry solidifies its position at the forefront of global green technological developments.

The focus is expected to be on wind energy, where costs are becoming competitive with mainstream energy sources, although solar energy ?

Complete Story »

SCIENTIFIC GAMES SANDISK SALESFORCE COM SAIC ROCKWELL AUTOMATION