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Germany Launches Radical Energy Plan

Date: 06 December 2010

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4 pages, 1 figure

Executive Summary

On September 28, 2010, the German government approved a national 40-year energy plan. Entitled ‘Energy Concept’, it takes an integrated, multi-tier approach setting the roadmap for Germany to generate 60% of its energy from renewables by 2050. The plan sets out a series of measures, including an expansion in offshore wind generation, greater energy efficiency and the construction of a smart grid. Implementation of the plan requires a large amount of financing and the government will launch a €5 billion fund to assist with offshore wind development. A lack of further significant investment incentives and undefined timelines means the plan’s immediate business opportunities remain limited.

TABLE OF CONTENTS

GERMAN GOVERNMENT SEEKS ENERGY REVOLUTION
Government Favours Multi-Initiative Approach
Energy Plan Generates Limited Near-Term Business Opportunities

TABLE OF FIGURES

Figure 1. Renewable Energy Targets Reach 80% Of Electricity Consumption By 2050

COMPANIES MENTIONED

Capgemini, CSC, Deloitte, EnerNOC, GE, GL Garrad Hassan, Hara, IHS, Johnson Controls, Logica, Siemens