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German Solar Industry May Support Moving Up Power Subsidy Cuts - Energy News | CleanTick Portal - CleanTick.com
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German Solar Industry May Support Moving Up Power Subsidy Cuts

Germany’s solar energy industry is open to accelerating part of a reduction in subsidies should installations grow too quickly, a lobby group said.

A portion of a planned cut in guaranteed prices for solar power could be moved forward to mid-2011 from the beginning of 2012, Carsten Koernig, head of the BSW German industry lobby, told Focus magazine. The 13 percent reduction planned for solar capacity added in 2012 could widen to 21 percent depending on how many panels are installed in 2011, Koernig said. His comments were confirmed by David Wedepohl, a BSW spokesman. - read more

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