Germany’s coalition government has released the draft of long-awaited cuts to solar subsidies and they’re… not that bad.
The government will cut subsidies by 15 percent for solar parks built after July 1, Bloomberg reports, and rates for systems on brownfield sites such as former dumps and army bases will be cut 11 percent. Rooftop systems will see rates drop 16 percent. Read More »
Germany’s conservative government is now considering a 16 percent cut in the country’s solar feed-in tariff, which utilities are obligated to pay solar power producers. That’s slightly higher than the 15 percent cut that was being discussed up until now. Read More »
Uncertainty over Germany’s solar subsidies is causing at least one major investor to pull back from solar stocks, according to Bloomberg.
Gabelli & Co’s SRI Green Fund has cut its holdings and is taking what fund manager John Segrich calls a “defensive view.” Read More »
German Environment Minister Norbert Roettgen
The German Environment Ministry is considering delaying the proposed 15 percent cut in its feed-in tariff, which utilities are obligated to pay solar power producers, by one month. Under the new proposal the cuts would come into effect on May 1 rather than April 1.
Also, citing sources close to Environment Minister Norbert Roettgen, Reuters reports that additional subsidy cuts, slated to come into effect in 2011, could actually be steeper than originally planed. Read More »
