The “Energiewende”, Germany’s plan for its energy transition, has ambitious targets for expanding the use of renewable energy sources. By 2050, Germany aims to have 80% of its energy produced by renewables. At the same time, the plan outlines actions that support technological developments and strengthen energy security. The continued and strong addition of renewables, as stated in the plan, is particularly interesting. It aims to make Germany’s energy system more sustainable and to drastically lower its greenhouse gas emissions. On the other hand, the intermittency of renewable power will also create a need for more flexible generation of conventional power.
Intermittency is best balanced by flexible power generation, such as Wärtsilä’s Smart Power Generation technology. To date, intermittency shapes the pricing structure within EEX (the European Energy Exchange). In the future, fluctuations in price determinants will favour fast-acting generation.
In response to this change in the market, Kraftwerke Mainz-Weisbaden AG is building a state-of-the-art Smart Power Generation plant supplied by Wärtsilä. With its new fast-starting power plant, KMW AG will be able to sell its electricity to the EEX when pricing is favourable.