KfW Pushes German Energy Transition

KfW’s programmes have a strong impact / Germany’s greenhouse gas emissions down by 9.5 million tonnes each year / EUR 550 million in fuel imports avoided each year / Around 89,000 jobs secured for a year

KfW’s various domestic programmes for the promotion of renewable energy make a substantial contribution to the transition of energy supply to renewable sources. In the years 2015 and 2016 the bank financed some EUR 15 billion in investments in the expansion of renewable energy with promotional loans totalling EUR 10 billion. This is the finding of a study conducted by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW). The significance of KfW’s programmes for the electricity sector is particularly noteworthy. The bank financed around... ... More: Official Press Release KfW

Keywords:

KfW, energy transition, capacity, finances, bank, renewable energy, Germany