Renewables Now
Summary
The energy transition in Germany is gaining momentum with streamlined planning and approval procedures; however, achieving its goals requires substantial investments of EUR 721 billion (USD 771.32bn) in the energy sector by 2030, according to the latest Energy Transition Progress Monitor published by consultancy EY and industry association BDEW.
The investment amount until 2030 comprises over EUR 350 billion for green power generation facilities, around EUR 140 billion for electricity and gas transmission networks, another EUR 140 billion for electricity and gas distribution networks, EUR 32 billion for district heating, EUR 15 billion for the hydrogen core network, EUR 17 billion for storage, and EUR 23 billion for green gas production capacity.
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