Sunday, September 08, 2019

Renewables Threaten German Economy & Energy Supply, McKinsey Warns In New Report

Renewables Threaten German Economy & Energy Supply, McKinsey Warns In New Report
Image result for europe electricity grid came close to black-outs."A new report by consulting giant McKinsey finds that Germany's Energiewende, or energy transition to renewables, poses a significant threat to the nation's economy and energy supply.
...Despite much hype, Germany still generates just 35% of its electricity from renewables.
And if biomass burning, often dirtier than coal, is excluded, wind, water and solar electricity in Germany accounted for just 27% of electricity generation in 2018.
But McKinsey issues its strongest warning when it comes to Germany's increasingly insecure energy supply due to its heavy reliance on intermittent solar and wind.
For three days in June 2019, the electricity grid came close to black-outs.
"Only short-term imports from neighboring countries were able to stabilize the grid," the consultancy notes..."
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