February 27 (Renewables Now) - Transmission system operator (TSO) 50Hertz Transmission GmbH on Tuesday said that renewable energy sources supplied 56.5% of the electricity in its control area in northeastern Germany last year, setting a new record thanks to an increase in installed capacity.
Last year was the second one so far in which more than 50% of the region's electricity came from renewables, after the record 53.4% share registered in 2017. The installed renewable energy capacity in the TSO's area rose to 32.9 GW in 2018 from about 31.3 GW in 2017.
“We are proud that with this record share of renewables, we can contribute to a successful energy transition,” said CEO Boris Schucht. He added that the share is set to rise within 50Hertz’s grid area, in line with Germany’s target for a 65% renewables share by 2030. That goal, for the TSO’s grid area in particular, is expected to be reached in 2021.
In the past year, the TSO invested EUR 492 million (USD 560.1m) in grid development, bringing its cumulative grid investments for the last five years to more than EUR 3 billion. Its plan for the next five-year period through 2023 is to spend about EUR 3.4 billion to "transform the energy system", allocating some EUR 420 million in 2019.
50Hertz noted that the South-West Interconnector, which became fully operational in 2017, had “a particularly positive impact” on savings in congestion management costs. These costs declined to EUR 105 million in 2018 from EUR 207 million a year earlier, according to temporary data.
(EUR 1.0 = USD 1.138)