Germany can afford to have their flags flying high as their solar power is booming! 2012 has proven to be a record-breaking year for the country’s already-impressive solar power generation. As part of the country’s plan to eliminate nuclear energy and replace it with renewable energy by 2022, Germany has invested heavily in solar power, breaking all previous installation records and doubling installation goals reaching an all-time high of 7.6GW (gigawatts) of solar power capacity last year, surpassing its original annual goals of 2.5 to 3.5GW. The previous record of 7.5GW was set in 2011.
This week has seen solar power help hold off the construction of a gas fired power station planned to be built later this year. The Age reported that Energy Australia had applied to build a 1GW gas fired power station at Yallourn in Victoria, but decided to build a smaller capacity power plant. Due to the suppressed wholesale electricity prices and lower than expected demand for electricity, they then decided to shelve the construction until much later this decade.
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