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German lower house agrees on solar cut compromise

Thu, 07/08/2010 - 9:26am
Reuters

BERLIN (Reuters) - Germany's lower house of parliament agreed on Thursday to a compromise proposal for a slight reduction in cuts to solar power incentives over a three-month transition period.

The compromise was designed to resolve a political impasse over Chancellor Angela Merkel's plans to cut the feed-in tariffs for new rooftop solar installations because prices for solar power equipment have fallen so steeply in recent years.

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