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NATGAS: Germany Gives Up Plan for Major Gas Plant Expansion

NATGAS
CommoditiesEnergy BulletsEurozoneGermanyCEEMEABulletPower Bullets

Germany has dropped plans for a major expansion of gas-fired power plants because of an absence of political support, the Economy Ministry said, cited by Bloomberg.

  • A final draft law on the expansion plans, that had been negotiated with the EU Commission, could not be voted on in parliament after the governing coalition collapsed.
  • Germany wanted to build gas-fired power stations to help phase out coal by 2030, eight years ahead of a legal cut-off date.
  • Germany had planned to auction 5 gigawatts of new units in early 2025 and another 5 gigawatts as part of a new capacity mechanism, expected to be ready in 2028.
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Germany has dropped plans for a major expansion of gas-fired power plants because of an absence of political support, the Economy Ministry said, cited by Bloomberg.

  • A final draft law on the expansion plans, that had been negotiated with the EU Commission, could not be voted on in parliament after the governing coalition collapsed.
  • Germany wanted to build gas-fired power stations to help phase out coal by 2030, eight years ahead of a legal cut-off date.
  • Germany had planned to auction 5 gigawatts of new units in early 2025 and another 5 gigawatts as part of a new capacity mechanism, expected to be ready in 2028.