Business · Energy & Commodities · 9 hrs ago

German renewable power support may need €1 billion more in 2027

German renewable power support may need €1 billion more in 2027

Germany’s four transmission grid operators expect renewable power support to need €17.52 billion in 2027.

The draft federal budget has set aside €16.5 billion, leaving a difference of about €1 billion.

The funding supports electricity from renewable sources such as wind and solar.

The operators also expect a €2 billion surplus in the support account for 2026, which could be repaid to the federal government in 2027 and help offset the higher need.

The Finance Ministry has not said whether it will increase the budget allocation, but says the possible repayment must also be considered.

Parliament is still reviewing the budget, and its budget committee is due to finalise the draft on November 12.

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Finance Ministry spokespersonUnnamed spokesperson
Whether and to what extent adjustments are necessary is the subject of the parliamentary process on the federal budget.
via Handelsblatt