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Chris Wright: “Germany tripled the price of electricity and produced 20%…”

Featuring: Chris Wright, Republican | Secretary of Energy | National

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How America Can Unleash the Next Energy Revolution: A Fireside Chat with Secretary Chris Wright

Published | Video Starts at 28:18

They spent a half a trillion dollars in an economy a little more like about 10% the size of our economy. So think of that, four or five trillion dollars. And what did they get out of it? They Germany tripled the price of electricity and produced 20% less after investing a half a trillion dollars. in wind, solar, transmission and energy storage, after half a trillion dollars, they tripled the price of electricity and produced 20% less. (28:18–28:23)

CLAIM

Asserts that Germany's investment in renewable energy led to higher electricity prices and reduced production.

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