Germany to foster renewables sector with right-away programme - report

(ADPnews) - Sep 28, 2010 - Germany will foster the expansion of the renewable energy sector through an immediate-action programme, German daily Rheinische Post reported today.

The German government will adopt the programme along with an energy concept today and its approval by parliament is expected before the end of 2010.

Over five years, state-owned development bank KfW will give EUR 5 billion (USD 6.7bn) of credit facilities to promote the ten German offshore wind farms in the North and the Baltic Sea. Furthermore, under the energy concept, another EUR 75 billion will be invested in wind sector expansion by 2030.

Under the right-away programme, planning permissions will be extended only when investors present concrete steps towards the project's realisation. This is a measure against investors who have obtained permissions but do not start construction works. Moreover, German grid operators and the German states will regularly discuss ways of grid expansion to enable the transportation of wind power from northern to southern Germany, which is still an open issue.

(EUR 1.0 = USD 1.345)

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