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Germany approves solar power incentive cuts

Thu, 05/06/2010 - 11:25am
Reuters

BERLIN (Reuters) - Germany's Bundestag lower house of parliament approved on Thursday controversial cuts for solar power incentives to take effect from July.

Solar subsidies for rooftop installed solar power will see a one-off cut of 16 percent, while most open-field installations will be cut by 15 percent. Support for farmland solar systems is to be scrapped completely from July.

Cuts of one percentage point in addition to those set out in the German renewable energy act (EEG) will be made by the beginning of 2011, if newly installed capacity exceeds 3.5 gigawatts within a year.

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