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News Brief | June 2014

Germany gets 74% of energy from renewables

Germany´s impressive streak of renewable energy milestones has continued, with renewable energy generation surging to a record portion - nearly 75 percent - of the country´s overall electricity demand. With wind and solar in particular filling such a huge portion of the country´s power demand, electricity prices have actually dipped into the negative. In the first quarter of 2014, renewable energy sources met a record 27 per cent of the country´s electricity demand, thanks to additional installations and favorable weather. Germany´s 27 per cent is double the approximately 13 percent of U.S. electricity supply powered by renewables as of November 2013. Observers say the records will keep coming as Germany continues its Energiewende, or energy transformation, which aims to power the country almost entirely on renewable sources by 2050.
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