In Germany as 20 years of wind subsidies comes to an end in 2020, half to three quarters of the industry may disappear.
So many parallels with Australia. The Germans have had wind subsidies for 20 years, but even after two decades of support, the industry is still not profitable on a stand-alone basis. In 2016, some 4600MW of new wind plants were installed, but that may drop to one quarter as much by 2019 as subsidies shrink. According to Pierre Gosselin (August 31st, 2017) there are more wind protests, electricity prices are “skyrocketing” and “the grid has become riddled with inefficiencies and has become increasingly prone to grid collapses from unstable power feed in.”
Pierre Gosslin writes that “Germany is more in the green energy retreat mode”.
German flagship business daily “Handelsblatt” reported … how Germany’s wind energy market is now “threatening to implode” and as a result “thousands of jobs are at risk“. José Luis Blanco, CEO of German wind energy giant Nordex, blames the market chaos on “policymakers changing the rules“. Subsidies have been getting cut back substantially. The problem, Blanco says, is that worldwide green energy subsidies are being capped and wind parks as a result are no longer looking profitable to investors. The Handelsblatt writes that “things have never been this bad“.