The Climate Protection Emergency Programme was adopted at the end of June, although less ambitiously than expected in advance. Other topics in June 2021 are the results of the first wind tender since 2017 with more than 1000 MW awarded and the lower share of renewables in the first quarter of 2021. Moreover, prices on the futures market reach new highs.
A lot happened in the energy sector in May. The targets for CO2 emission reductions in the Climate Protection Act were tightened. A full exemption from the EEG levy for green hydrogen is in sight. The CO2 lead contract has reached record prices.
The EU Commission ratifies the German renewable energy act 2021. Hydrogen also continues to boom, with energy giants planning their hydrogen strategies. The EU’s increased climate target agreed on in April could lead to a tightening of the EU ETS in June. Commodity and CO2-prices continued to rise in April, and strong winds caused negative prices on the spot market during Easter.
March 2021 is characterised by low feed-in from renewables, like the entire first quarter of 2021. The results of the heavily oversubscribed second coal tender have also been released this month. Commodity and CO2 prices rose again in March.
Hydrogen is and remains a hot topic in February 2021 with new project announcements. Furthermore, there were outright records in the prices for CO2-certificates. Commodity prices also rose in February, while renewable power generation was weak compared to the same month last year.
There are more and more indications that the increased use of hydrogen from renewable or non-CO2-emitting sources is necessary for increased climate protection efforts. The Federal Government’s National Hydrogen Strategy aims to set the framework for hydrogen production and utilisation in Germany.
12. February 2021 / Sila Akat / Comments Off on Review of the turbulent energy year 2020: Corona, PPAs and hydrogen Series
The year 2020 was marked by the Corona pandemic. The energy industry was also strongly affected by the impact of the pandemic and the various lockdowns. As things stand, the winners are renewables, especially in the PPA sector, but also hydrogen as the industry’s new favourite topic.
While the EEG amendment for 2021 has still not been finally adopted, the new energy balancing market started in Germany on 2 November 2020 and the EU Commission has approved the German coal phase-out. Prices on the futures market rose again in November 2020.