Due to a record spike in renewable energy production, energy prices in Germany are set to reach below zero and power companies might need to start paying customers to take this extra energy off their hands. Last Sunday, German wind energy output reached, 39,190 MegaWatts which is equivalent to the energy output of 40 nuclear reactors. This energy is enough to meet the power needs of more than half of Germany. At the moment, Germany is eyeing to increase Wind Energy installations by 9% by the end of 2017.
Wind Energy supplies 10% of Europe’s total energy requirement. The cost of offshore wind farms is expected to reduce by 71% within the next 20 years which would make wind energy more affordable and widespread than it is now. At the moment Germany uses wind energy for one-third of its total energy requirement.