Cars and trucks drive along a country road in stormy weather.
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2024 was a strong year for aeolian energy in Germany, with permit awards for onshore wind turbines accelerating, according to industry data — but the upcoming Feb. 23 election means the sector now faces uncertainty, amid vocal skepticism from the two parties leading in the polls.
Friedrich Merz, the leader of the center-right Christian Democratic Union (CDU), which is polling in first place with around 30% of support alongside its affiliate party the CSU, has described wind power as a “transitional technology.” Speaking to public broadcaster ZDF late last year, he said he hoped “ugly” wind turbines could be dismantled eventually, “because they do not fit into the landscape.”
The far-right Alternative fuer Deutschland, which is second in national polls and expected to secure around 20% of votes, took the rhetoric even further. The party’s chancellor candidate Alice Weidel has threatened to tear down all wind turbines, which she reportedly labeled as “windmills of shame.” The AfD has called climate change into question and has frequently dismissed actions taken to tackle the environmental crisis.
Wind power, a form of renewable energy used to generate electricity, is considered important in the transition away from fossil fuels.
Wolf-Peter Schill, an energy economist at the German Institute for Economic Research (DIW Berlin), said some of the “wind power-bashing” during the election campaign has been “absurd” at times, particularly from the AfD.
“The AfD is, in many respects, a nightmare — also in terms of their wind power takes, but I think it is not super relevant as they will not be in power,” Schill told CNBC overvideo call.
Despite the AfD polling in second place, all other major parties in Germany have so far committed to not entering a coalition government with them, meaning they will likely form part of the opposition after the election.
“What the CDU, the conservative party, does is much more relevant, at least for the next government,” Schill noted.
Germany’s wind energy expansion
Schill cited a recent report from the German Wind Energy Association and engineering foundation VDMA Power Systems, which said the country achieved a historic milestone for onshore wind energy in 2024.
Europe’s largest economy licensed more than 2,400 onshore wind turbines last year, the report said, representing a combined capacity of more than 14 gigawatts. Contracts awarded for onshore wind turbines also rose to a record high, it added.
Dennis Rendschmidt, managing director of VDMA Power Systems, told CNBC that the record figures highlighted the effectiveness of legal changes and political measures implemented in recent years. They also signaled a new dynamic for the sector, he said.
“This momentum needs to be kept up by a new federal government,” Rendschmidt added, according to a CNBC translation of emailed comments. The expansion of wind energy must continue without restrictions, he said, as that would lead to lower energy costs, create jobs, secure energy supply and reduce dependence on energy imports.
DIW Berlin’s Schill sees few potential hurdles.
“All the conditions are really set for future growth,” he said, noting that the only obstacles could emerge if the incoming government slows down the pace of expansion, for either ideological reasons or a lack of understanding of the role wind power will have in energy systems.
Giles Dickson, CEO of industry trade group WindEurope, told CNBC that in the likely scenario of a CDU-led government, there should only be a little concern for the sector.
“If you’re looking at a CDU-led government, with either the [Social Democratic Party] or the Greens in coalition, or both, then that to us does not represent storm clouds at all,” he said.
The party is not neglectful when it comes to climate change and at least does not strongly oppose wind energy, Andreas Reuter, managing director of the Fraunhofer Institute for Wind Energy Systems (IWES), told CNBC when elaborating on the position of the likely leader of Germany’s new coalition, the CDU/CSU.
Although the CDU was previously critical of wind turbines, Reuter said the party would likely deem them “acceptable” for now, as they are broadly reliable and produce cheap energy.
Renewable energy challenges
While the change in government may not mean that trouble for German wind energy is imminent, the new ruling coalition will face challenges when it comes to renewables and wind power.
That includes updates to Germany’s Renewable Energy Sources Act, a German law designed to ensure the country can produce 80% of its electricity from renewable sources by the end of the decade, Dickson pointed out.
Solar and wind energy are key for these ambitions, as Germany’s efforts towards winning energy from nuclear fusion — which is widely deemed a highly sustainable power source — are still in the research and planning stage. Germany shut off its last remaining traditional nuclear power plants in 2023.
The new government will have to work on a new iteration of the law, he said, suggesting that industry bodies will need to keep a close eye on those developments and seek close dialogue with the government to shape changes.
The goals Germany currently has for growing its renewable energy production and usage are another area that will involve adjustments. Some of these targets are already “completely unrealistic,” IWES’ Reuter said.
That means the government will have to cut its targets or they would miss them each year, he said, noting that the current plans were “aggressive” — but that this was helpful in showing that renewables were a priority and to encourage people to think big and create a positive environment around the issue.
“On the other hand, we still have a gap, which is getting bigger and bigger the closer we get to 2030 and the question is, how do we want to fill the gap? When are we going to accept that we’re not going to meet these targets? And this will be again, interesting discussions for the next government,” he said.
The Trump administration is shutting down EV chargers at all federal government buildings and is also expected to sell off the General Services Administration‘s (GSA) newly bought EVs.
GSA, which manages all federal government-owned buildings, also operates the federal buildings’ EV chargers. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 charging ports.
The Vergereports it’s been told by a source that plans will be officially announced internally next week, and it’s seen an email that GSA has already sent to regional offices about the plans:
“As GSA has worked to align with the current administration, we have received direction that all GSA-owned charging stations are not mission-critical.”
The GSA is working on the timing of canceling current network contracts that keep the EV chargers operational. Once those contracts are canceled, the stations will be taken out of service and “turned off at the breaker,” the email reads. Other chargers will be turned off starting next week.
“Neither Government Owned Vehicles nor Privately Owned Vehicles will be able to charge at these charging stations once they’re out of service.”
Colorado Public Radio first reported yesterday that it had seen the email that was sent to the Denver Federal Center, which has 22 EV charging stations at 11 locations.
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The Trump/Elon Musk administration has taken the GSA’s fleet electrification webpage offline entirely. (An archived version is available here.)
The Verge‘s source also said that the GSA will offload the EVs it bought during the Biden administration, although it’s unknown whether they’ll be sold or stored.
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Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023.
Joseph Nair | Bloomberg | Getty Images
Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.
The attack compromised Bybit’s cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether, were quickly transferred across multiple wallets and liquidated through various platforms.
“Please rest assured that all other cold wallets are secure,” Ben Zhou, CEO of Bybit, posted on X. “All withdrawals are NORMAL.”
Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million drained from Binance in 2022.
Analysts at Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerabilities to finance North Korea’s regime, often using sophisticated laundering methods to obscure the flow of funds.
“We’ve labelled the thief’s addresses in our software, to help to prevent these funds from being cashed-out through any other exchanges,” said Tom Robinson, chief scientist at Elliptic, in an email.
The breach immediately triggered a rush of withdrawals from Bybit as users feared potential insolvency. Zhou said outflows had stabilized. To reassure customers, he announced that Bybit had secured a bridge loan from undisclosed partners to cover any unrecoverable losses and maintain operations.
The Lazarus Group’s history of targeting crypto platforms dates back to 2017, when the group infiltrated four South Korean exchanges and stole $200 million worth of bitcoin. As law enforcement agencies and crypto tracking firms work to trace the stolen assets, industry experts warn that large-scale thefts remain a fundamental risk.
“The more difficult we make it to benefit from crimes such as this, the less frequently they will take place,” Elliptic’s Robinson wrote in a post.
Ford is offering big savings opportunities right now on its electric vehicles. The Ford Mustang Mach-E can be leased for less than a Toyota Camry in some places despite costing over $10,000 more. Here’s how you can snag some savings.
Ford’s Mach-E is cheaper to lease than a Camry right now
With over 51,700 models sold in 2024, Ford’s Mustang Mach-E was the third best-selling EV in the US behind the Tesla Model Y and Model 3.
The electric Mach-E even outsold the gas-powered Mustang for the first time last year. To keep up with new models like the Honda Prologue and the 2025 Hyundai IONIQ 5, Ford introduced big discounts at the start of the year.
Ford extended its “Power Promise” program in January, offering all EV buyers a free Level 2 home charger. The company will even cover the cost of standard installation. If you already have a home charger, Ford will give you a $1,000 charging credit.
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According to online car research firm CarsDirect, the savings don’t stop there. Through March 31, the 2024 Ford Mustang Mach-E can be leased for as little as $229 for 24 months in Southern California.
Ford Mustang Mach-E at a Tesla Supercharger (Source: Ford)
With $4,329 due at signing, the effective cost is just $409 per month. The deal is for the base 2024 Mach-E Select with an MSRP of $39,995 and includes a $7,750 lease cash bonus.
In comparison, the 2025 Toyota Camry Hybrid LE (MSRP $28,400) is listed at $299 for 39 months and $3,598 due upfront, for an effective rate of $391 per month.
2024 Ford Mustang Mach-E interior (Source: Ford)
Although that’s slightly less than the Mach-E, if you factor in Ford’s other incentives, it’s actually much cheaper. In addition to the $1,000 charging credit, Ford is offering current Tesla owners $1,000 in conquest bonus cash, which can be applied to the purchase or lease of a new vehicle.
The $2,000 in savings brings the effective monthly lease rate to just $326 per month. That’s even $10 cheaper than a 2025 Toyota Corolla LE with an MSRP of just $22,325, or over $17,500 less than the Mustang Mach-E.
2025 Ford Mustang Mach-E (Source: Ford)
Alternatively, Ford is offering the 2024 Ford Mustang Mach-E for 0% APR for 72 months plus $2,500 in bonus cash.
Ford also introduced new incentives on the F-150 Lightning last week. The 2024 F-150 Lightning now features a nationwide 0% financing for 72 months offer with additional savings of up to $5,000 off MSRP.
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)
The new Flash trim now features an up to $3,000 retail cash bonus, XLT and Lariat trims get up to $4,000, and the Platinum model gets a $5,000 bonus.
Ford’s electric pickup is eligible for the $1,000 Tesla Conquest bonus and public charging credit offer. Ram owners can snag an extra $2,000 from a serperate conquest program.
If you’re ready to test drive Ford’s electric vehicles for yourself, we can help you get started. You can use our links below to find Ford F-150 Lightning and Mustang Mach-E models at a dealer near you.
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