Germany ends plans to expand gas-fired power plants

OR Germany abandoned plans for a major expansion of power plants with natural gas due to a lack of political support, the Ministry of Economy said.

A final draft law on the expansion plans, which had been negotiated with the European Commission, according to a Bloomberg report, failed to pass in parliament after Olaf Solz’s three-party coalition collapsed, a ministry spokesman said, confirming an earlier report. of the German agency DPA. Germany wanted to build gas-fired power plants to help phase out coal by 2030, eight years ahead of the legal deadline.

It is noted to be rapidly expanding renewables, but abandoned nuclear power last year. The plan to expand natural gas plants was intended to shore up the grid when wind and solar supplies dwindle.

Germany planned to auction 5 gigawatts of new capacity in early 2025 and another 5 gigawatts under a new capacity mechanism, expected to be ready by 2028.