The German government's planned cuts to solar power subsidies have been dropped, according to an interview with a parliamentarian in the Financial Times Deutschland Thursday.
The German government's planned cuts to solar power subsidies have been
dropped, according to an interview with a parliamentarian in the Financial
Times Deutschland Thursday.
"There will be no cutting of the compensation in July," Katherina
Reiche, parliamentary secretary for the environment ministry, tells the
newspaper.
The cuts, which had been slated to come into effect July 1, have been dropped
because an unusually low number of solar power facilities were built and
registered between March and May, the newspaper reports.
"Only 700 megawatts were installed," the newspaper quotes Reiche as
saying. Calculated over the year, that would equate to an installation level of
2,800 megawatts, below the government's target of 3,500 megawatts for the year.
The original cuts were planned to stop the solar boom of 2010 being repeated
this year, as it had burdened consumers with higher energy prices, according to
the Financial Times Deutschland article.
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