In the analysis “Financing requirements in electricity generation up to 2030”, the Institute of Energy Economics (EWI) at the University of Cologne analyses the financing requirements for the new power plant capacities installed in Germany up to 2030 on the basis of a model.
The projection of electricity costs in the selected scenario shows falling prices in the medium term compared to the years 2021 to 2023. The increasing expansion of renewable energies is accompanied by cannibalisation effects that reduce the market value of renewable energies.
The necessary investment costs for new plants could amount to around €123 billion by 2030. However, it is unlikely that these new power plants will be able to refinance their investment costs on the electricity market. There could be a financing gap of just under €60 billion for the expansion of new plants by 2030, whereby the financing of gas-fired power plants in particular, totalling €6 billion, is uncertain. Additional funding for the operating costs of hydrogen power plants could lead to additional costs of around €1bn.
