Energy Prices Reach Negative In Germany As Production Reaches Record High

International News, News

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 Farm In Sweden

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.

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Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

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