Thursday, 5 May 2022 Reading time : 2 minutes
Twice as much electricity from renewablesAt the beginning of April, German Economy and Climate Protection Minister Robert Habeck presented a series of draft laws to the German cabinet that are intended to reprioritize and accelerate the achievement of climate neutrality. The so-called "Easter Package" indicates that the share of renewable energies in the electricity mix is to grow to 80% by 2030, which would correspond to a doubling. From 2035, all electricity generation is even to come from renewable sources.
Public interestThe new laws provide for significantly faster approval procedures for onshore wind margins and significant additional areas for offshore wind farms. Renewable energy is said to be "in the overriding public interest" and to "serve public safety." This would prioritize their expansion higher - until climate neutrality is achieved. This prioritization has weighty consequences in the so-called weighing of protected interests, in which the benefits and burdens of official measures are compared with each other. For example, the benefit of a new wind turbine would be given more importance than the burden of land scarcity.
Energy (in)dependenceAccelerating the expansion of wind and solar power generation, however, not only improves Germany's climate footprint, but also promotes a path out of energy dependence - a dependence that exists, among other things, on imports of fossil energy from Russia. Since the end of February at the latest, it has been clear that energy issues must not only be considered from the perspective of cost and climate efficiency, but also have no less important security policy components.
In the next few weeks, the German government majority will have to reach agreement on the Easter package - but it is safe to assume that there will be some changes ahead in terms of energy policy.
PotentialThese developments are likely to lead to fuller order books for power producers and suppliers. German company Nordex, for example, has been in business for over 30 years - the Hamburg-based company develops, produces and maintains onshore wind turbines. Over 8,000 such turbines are currently being serviced by Nordex worldwide, and the number is growing. The portfolio of the Danish company Vestas is also growing every year. Worldwide, the company has installed over 77,000 wind turbines, a good 8,000 of them in Germany - making Vestas an established supplier. Siemens Gamesa, a subsidiary of Siemens Energy, is one of the world's largest producers of onshore and offshore wind turbines. It is expected that these three players will be involved in the expansion of electricity production from renewable sources.
BRC auf Nordex, Siemens Gamesa und Vestas Wind (CHF)
BRC auf Siemens Energy und Nordex (EUR/CHF)
Reverse Convertible auf Nordex (EUR/CHF)
