Germany plans to achieve 100% renewable energy generation by 2035

Germany aims to have all its electricity supplied by renewables by 2035, according to a new draft policy that speeds up the timetable to end fossil-fuel power generation by 2040, according to the oil price network on February 28.

Germany, Europe's largest economy, said over the weekend it would draft a strategy to reduce its reliance on Russian gas, speed up the installation of renewable energy capacity and build two liquefied natural gas (LNG) import facilities

“After all, the events of recent days and weeks have shown us that responsible, forward-looking energy policy is not only critical to our economy and climate

Germany now aims to use 100 percent of its electricity from renewable sources by 2035, according to a government draft seen by Reuters on Monday, up from a previous target of all-renewable electricity generation "well before 2040.

Germany will pass a new Renewable Energy Act (EEG) and wants wind and solar power to account for 80 percent of electricity generation by 2030, according to a government draft seen by Reuters

By that year, Germany's onshore wind capacity is expected to double to 110 gigawatts, offshore wind capacity is expected to jump to 30 gigawatts, and solar will more than triple to 200 gigawatts, according to Reuters.