Germany's government is planning to cut subsidies for solar installations by up to 30 percent due to higher-than-expected demand. The reductions, which could happen within one year, are also down to the scheme proving more costly than initially projected. Germany has been at the forefront of renewable installations in recent years, however the rise in solar projects has surpassed government expectations.
Owners of solar installations in Germany receive a guaranteed above-market price for the electricity they sell to the energy grid. Last year that amounted to a subsidy of around €6 billion (US$7.9 billion), which is financed through a levy on each household’s electricity bill. Concerns have been raised over how the subsidy cuts could affect domestic solar companies, as reductions could come into place as early as next month. Read more ...
Owners of solar installations in Germany receive a guaranteed above-market price for the electricity they sell to the energy grid. Last year that amounted to a subsidy of around €6 billion (US$7.9 billion), which is financed through a levy on each household’s electricity bill. Concerns have been raised over how the subsidy cuts could affect domestic solar companies, as reductions could come into place as early as next month. Read more ...
Solar energy has gone from being the great white hope, to an impediment, to a reliable energy supply. Solar farm operators and homeowners with solar panels on their roofs collected more than €8 billion ($10.2 billion) in subsidies in 2011, but the electricity they generated made up only about 3 percent of the total power supply, and that at unpredictable times.
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