Outlook and Forecasts for Nuclear Power Industry in Germany up to 2030

Albany, New York, November 14, 2016: Market Research Hub has recently broadcasted a new research report to its repository. The report titled “Nuclear Power in Germany, Market Outlook to 2030, and Update 2016- Capacity, Investment Trends, Generation, Regulations and Company Profiles”, provides a brief overview of the current scenario regarding nuclear power in Germany and provide forecasts up to 2030. It is the latest report from Global Data and this industry analysis specialist offers broad information and understanding of the nuclear power market in Germany.

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The report shoots with the detailed coverage of the leading nuclear energy policy framework, along with specific policies affecting nuclear power. Germany, like other countries in the world, produces majority of its electricity from traditional fossil fuel sources. Nuclear power produces nearly 20% of Germany's energy, but in July 2011 the German government vowed to shut down its nuclear capability in the next 10 years. Nuclear power has been a top political issue in recent decades, with continuous debates regarding the elimination of this technology. It was developing as a major source of power generation until political pressure stopped the growth in the mid-1980s. In May 2012, Germany announced plans to upgrade and expand its electricity grid over the next decade with the aim to help renewable energy sources fill the gap left by the significant phase-out of nuclear power.

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Since nuclear power produced a major segment of electricity in Germany, there were several thoughts of importing energy due to the phase-out. At first, Germany was still selling more electricity than it bought, owing to its renewable energy industry. Renewable energy supplied a record 20.8% of Germany’s electricity in 2011, produced from wind power, solar power, hydro power and biomass. Germany installed over 7,400 MW (Megawatt) of solar power in 2010 and another 7,000 MW (Megawatt) were added in 2011. A historical period overview during 2006-2015 for the clear understanding are also analyzed in the research.

Further, the report also profiled some of the renowned nuclear companies in Germany such as:

• Vattenfall Europe Nuclear Energy GmbH
• ON Kernkraft GmbH
• RWE Power AG
• Energie Baden-Wuerttemberg AG
• EnBW Kraftwerke AG

The research also delivers information about active nuclear reactors in the country along with its market size including prime equipment and snapshots of the major participants.. In addition to this, installed capacity by reactor type, installed capacity share by contractor and information on major active and upcoming projects are also mentioned in the report.

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This release was published on openPR.