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German upper house approves energy law package

GasPowerPolicy

08 Jul 2022 09:07

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Berlin

08 Jul 2022 09:07

(Montel) Germany’s upper house of parliament on Friday approved an energy law package including new renewables expansion targets, bailout instruments for gas importers and the possible return of coal and oil-fired units to the power market.

The approval – that cleared the lower house on Thursday – meant the package now became binding amid efforts to shore up the domestic energy market due to a bid to cut reliance on Russian imports in light of the war in Ukraine.

Germany was targeting a tripling of the nation’s wind and solar capacity to 360 GW by the turn of the decade, up from 117 GW currently.

The legislation also included measures to provide financial support for ailing gas importers and to aid the return of mothballed fossil fuel-fired plants to secure supply due to the current energy crisis.

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