One of the reasons why the German government has?reversed its decision in the energy changeover. It wants to give the?companies more time to get out of their old investments and enter new?ones.
The conventional energy industry will have to adapt to a more?decentralized energy supply system very soon.
Photovoltaic solar energy may get even cheaper,?Reve, June 11, 2012?What does the trend towards cheaper solar electricity mean for the?energy industry??Interview: Gero Rueter / nh. Editor: Sean Sinico.?www.dw.de
For the conventional energy industry it means a change of paradigm,?that?s for sure. It?s something you can see very clearly when you look?at the statements made by Germany?s big energy suppliers lately. When?he retired, J?rgen Gro?mann, former CEO of Essen-based RWE, said?photovoltaics essentially ruin the business for the conventional?energy industry, because they?re pushing the prices down on the energy?stock markets.
A member of E.ON?s executive board said a couple of?days ago that building power plants in Germany is no longer?financially viable because of the economic framework conditions, with?renewable energies advancing fast and forcing down prices.?The conventional energy industry will have to adapt to a more?decentralized energy supply system very soon. But I doubt that it?s in?a position to do that. It?s difficult because those companies have?fixed investments of billions of euros in these conventional power?plants. They simply have no way of accessing the money.
Even if they?wanted to and even if they decided today to invest in renewables, in?electricity storage facilities and in grids only from now on, they?would still not be able to make enough money available to compensate?for the losses they?re already experiencing in the conventional areas?of energy generation.
That seems to be one of the reasons why the German government has?reversed its decision in the energy changeover. It wants to give the?companies more time to get out of their old investments and enter new?ones.
What?s the situation like in developing and emerging nations?
The situation is slightly different. In developing and emerging
nations, we?re not talking about coal power plants that have to be
kept running for a long time, instead we?re talking about new power
plants that have to be built. I believe as soon as renewables become
cheaper, and as soon as there are proper solutions for the storage
problem, investors will increasingly opt for wind and solar energy.
For an investor these technologies have the advantage that you can
avoid expensive CO2 certificates and taxes on CO2 emissions and coal.
Intersolar, the world?s biggest trade fair for photovoltaics, is
starting in Munich. What?s will people be talking about most this
year?
It?s all about prices at the moment. Everybody is asking the same
question: How much cheaper can it get? Two years ago, many experts
wouldn?t have bet on solar electricity getting as cheap as it is now.
Another important topic at Intersolar seems to be storage facilities.
In Germany, we?ve reached a point where it?s cheaper to generate solar
electricity on your own rooftop than to get it the conventional way,
straight from the socket. Of course, that means that consumers want to
use as much of this electricity themselves, and so they look for ways
of storing it ? even without subsidies.
Another big topic will be big storage facilities that you can
integrate into electricity grids. They can help avoid having to expand
the grids. And then there?s the question of system integration. How do
you feed more energy from renewable sources into the existing grid?
What would the electricity supply system have to look like if it were
based on regenerative energy only?
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