March 13 (Renewables Now) - Transmission system operator (TSO) 50Hertz Transmission GmbH on Monday unveiled a record 53.4% share of renewables for 2017, the first time more than half of electricity consumption in its control area in northeastern Germany has come from renewable sources.
The installed renewable energy capacity in the TSO's area rose to 31 GW last year from about 29 GW in 2016.
"We will continue along this path, also with a view to the new political renewable growth target of 65 per cent by 2030," said chief executive Boris Schucht.
In 2017, the TSO invested EUR 460 million (USD 570m) in grid development, including EUR 246 million in offshore grid connection projects in the Baltic Sea. The company plans to invest about EUR 3.3 billion in the 2018-2022 period.
50Hertz also said that the South-West Interconnector, which became fully operational in 2017, has improved the integration of renewable power generation in the northeastern part of Germany and has led to savings in congestion management costs.
(EUR 1 = USD 1.240)