Over the past 25 years, Germany has pursued an energy transition by phasing out nuclear power and expanding solar and windโat a cost of around โฌ500 billion in subsidies.
The result: installed capacity has more than doubled, yet electricity generation has declined. The reason is ispatchable power was replaced by weather-dependent sources.
The consequences are severe: rising energy costs, falling competitiveness, and growing pressure on energy-intensive industries.
The key question remains: How do you run an industrial economy on a system that produces less when it matters most?