German renewable energy research spending reaches new high

The Berlin government in an effort to succeed in transitioning to a green economy has considerably increased its investment in energy research in recent times.

In 2006, the country spent $528m on the research, but that figure rose to $938m in 2013, representing a 77 per cent increase in financing behind such projects, reports Bloomberg.
Philipp Roesler
$661m of the 2013 figure went towards renewables and efficiency projects.

Referring to a new study, the Economy Ministry said in an e-mailed statement, that such projects included reducing noise from offshore wind power, making buildings more energy-efficient and producing electro-chemical storage units.

“Research and development of modern energy technologies are an important condition for the success of the energy switch,” Economy Minister Philipp Roesler said in the statement.

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