• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

German power market braced for near-record wind output

Simon Osuji by Simon Osuji
November 20, 2023
in Energy
0
German power market braced for near-record wind output
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Germany’s wind turbines are likely to produce near-record levels of power this week as strong gusts hit the country.

Output from turbines is expected to reach 49.3 gigawatts at 6 p.m. on Thursday, according to ECMWF data compiled by Bloomberg.

That’s just shy of a record 50.8 gigawatts of power set in January, according to the European Energy Exchange AG.

The surging wind speeds, enough to power about two-thirds of Germany’s peak demand, come as the country is building more wind capacity into its system.

The government is pushing through reforms blocking landowners from refusing access to grid operators trying to connect new renewable power infrastructure, as it aims to get to 80% power from renewable sources by 2030.

Ample levels of wind generation also help to lower the wholesale cost of electricity. Power futures for delivery on Thursday are trading at €71.50 ($78.21) per megawatt-hour on EEX, a little over half of the day-ahead price for Tuesday.

Still, not all of the potential power this week may be used, and wind speeds will drop off quickly after the surge.

Germany’s congested grid network often leads to curtailment, when wind turbines in the north of the country aren’t able to send all their power to the large demand hubs, predominantly in the south.

Recommended for you

The offshore wind industry is looking to bounce back from a rough year.

Europe’s battered wind sector starts to find hope in year of crisis



Source link

Related posts

Morocco halts gas pipeline tender over budget concerns

Morocco halts gas pipeline tender over budget concerns

February 3, 2026
One year on: How John Mahama is leading Ghana’s oil sector rebound

One year on: How John Mahama is leading Ghana’s oil sector rebound

February 2, 2026
Previous Post

Gold Price Forecast to Reach $2000: Here’s When

Next Post

Jewelry Store Owner to Give 60-Year-Old Business to Employees

Next Post
Jewelry Store Owner to Give 60-Year-Old Business to Employees

Jewelry Store Owner to Give 60-Year-Old Business to Employees

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Startup Founder Claims Elon Musk Is Stealing the Name ‘Grok’

Startup Founder Claims Elon Musk Is Stealing the Name ‘Grok’

10 months ago
Forging a new national security alliance

Forging a new national security alliance

9 months ago
Hashdex partners with BitGo as Bitcoin ETF hopefuls await SEC decision

Hashdex partners with BitGo as Bitcoin ETF hopefuls await SEC decision

2 years ago
Australia intensifies crypto ATM oversight to curb money laundering risks

Australia intensifies crypto ATM oversight to curb money laundering risks

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.