The Power import in Germany reached 47,600 GWh in 2020
The indicator recorded a historical growth at a CAGR of 20% between 2017 to 2020
Why did Germany’s power import grow in 2020?
Germany has been a net exporter of electricity in for the past 2 decades. The country has grid interconnections with other European countries including Austria, Czech Republic, Poland, France, Denmark, Norway, and the Netherlands. However, for the past few years, Germany’s electricity exports have fallen whereas imports have risen. This is due to the closure of coal and nuclear power stations in the country. By 2022, the government is planning to shut down all nuclear power plants. Further, the government is also planning to shut down all its 84 coal-fired power plants latest by 2038 to meet climate protection obligations and decarbonize its energy systems. The government has already initiated this process by shutting down around 8 coal power plants in 2020. This is expected to increase the country’s dependence on imported electricity from neighboring countries if the power generation gap created due to the closure of nuclear and coal power plants is not filled by renewable energy sources.
The country’s imports are expected to rise in the future owing to the closure of coal and nuclear power stations in the country. By 2022, the government is planning to shut down all nuclear power plants. Further, the government is also planning to shut down all its coal-fired power plants latest by 2038 to meet climate protection obligations and decarbonize its energy systems. The government has already initiated this process by shutting down around 8 coal power plants in 2020. This is expected to increase the country’s dependence on imported electricity from neighboring countries if the power generation gap created due to the closure of nuclear and coal power plants is not filled by renewable energy sources.
Impact of COVID-19
The European region was one of the most affected regions due to the COVID-19 pandemic. The German government announced national lockdowns the curb the spread of the virus. The implementation of these lockdowns caused reduced economic activities. The lockdowns caused serious supply-chain disruptions and led to decline in foreign as well as national demand causing steep decline in both imports and exports of goods. Majority of the sectors were hit due to the nationwide lockdowns. The retail, transport and hospitality sector and the leisure and cultural activities sector were the hardest hit.
France
Germany
Germany
Italy
France
Japan
South Korea
Spain
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward