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From Electrek: EGEB: German ‘citizen energy cos’ win 96% of wind auction, ‘free’ energy...

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    EGEB: German ‘citizen energy cos’ win 96% of wind auction, ‘free’ energy storage, solar at 2%, more

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    Electrek Green Energy Brief: A daily technical, financial and political review/analysis of important green energy news.

    Germany’s First Onshore Wind Auction Brings Low Prices for Citizen-Owned ProjectsCommunity projects — wind farms owned directly by citizens — made up 93% of the winning bids (65) or 96% of the volume – Locals are pooling resources to build energy. This document from 2014 – presents that there were close to 1,000 citizen owned projects and that those citizens represent 50% of all renewable ownership in the country. These numbers line up with what I’ve read in the past. You wonder why Germans approve paying some of the highest rates of electricity in the developed world? 50% of that green energy tax and electricity revenue goes back to the people – not international conglomerates or energy utilities. Voters like concrete paychecks versus distant financiers. Solar power and wind jobs – same thing. Side note – 1.7 million personal solar systems and greater than 50,000 battery systems. Cost of capital from regular folk much cheaper than investor groups – risk tolerances higher.

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