Carsten Koernig News
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Germany’s federal government and its 16 states can’t find common ground on proposed cuts to solar- power subsidies in the world’s biggest market.
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Chancellor Angela Merkel’s Cabinet backed measures giving ministers authority to adjust subsidies for renewable energy in Germany, a move the industry says will destabilize its ability to finance plants.
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Chancellor Angela Merkel’s Cabinet backed measures giving ministers authority to adjust subsidies for renewable energy in Germany, a move the industry says would destabilize its ability to finance plants.
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German solar-power companies expect sales to decline by 50 percent this year because of subsidy cuts in the world’s second-largest market for the industry, according to a survey by the BSW-Solar lobby.
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Germany’s solar energy industry is open to accelerating part of a reduction in subsidies should installations grow too quickly, a lobby group said.
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Germany, the world’s biggest market for solar power, plans record reductions in subsidies for the industry as part of a program to rein in a boom in installations.
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Germany, the world’s biggest solar- power market, will delay a plan to cut aid for the industry by three weeks and give developers of large-scale plants more time to complete projects, a lawmaker said.
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Germany, the world’s biggest solar- panel market, added 664 megawatts of the devices in June, a 69 percent drop from the same period last year, according to preliminary figures from the German power grid regulator.
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Germany may see a rush of solar panel installations in the coming weeks after lawmakers from Chancellor Angela Merkel’s coalition failed to agree on an overhaul of the country’s clean-energy subsidy system.
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German lawmakers backed reductions in solar-power subsidies of as much as 16 percent after offering the industry an extra three months to adjust to the cuts in the world’s biggest market for photovoltaic panels.
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