Solar Shares drop upon German plans to cut Solar Assistance
Market Analysts Fear Solar Profits Will Drop Despite Recent Surges in Sales
Solar Power Oversupply risks Overloading Germany's grid
Germany to Cut Solar Power Incentives by July
US Utilities increased 2009 Solar Production by 66 Percent
Germany Develops Highest Efficiency Thin-Film Solar Cells
Solar Energy is Now Cheaper to Produce than Nuclear Energy
Bipartisan Renewable Power Bill Introduced in Senate
Solar Panel Stocks In For Bumpy Ride; Stocks Drop due to Weak Demand & Over-Supply
Green Tech may be Good for the Environment but Bad for Business
GE’s New 600kW Solar Inverter Tackles Challenges of Integrating to Today’s Grid
Treasury Grant Program Extension could Create 207,000 Solar Industry Jobs
Latest National Poll: 9 Out of 10 Americans Want Solar Now
Paul Detering of Tioga Energy on The Future of the Commercial Solar PPA
France Invests Billions in Renewable Energy Program
Germany Cuts Solar Subsidies
Germany's lower house of parliament officially approved significant cuts to the government subsidies for solar power on Thursday. Industry experts claim the German Renewable Energy Act passed in 2008 -- whose goal is to have the country attain 30 percent of electrical power from sustainable resources by 2020 -- has inadvertently caused an oversupply of solar equipment causing prices on solar cells to drop by up to 50 percent as a result. All government support for farmland solar stations will cease, and there will be a 15 percent reduction of government subsidies for open-field installations by 2011.
According to Norbert Roettgen, Germany's Environment Minister, the decision was made to "keep the costs with which we burden electricity clients under control." Citizen's electric bills have been increased monthly by three percent the past 2 years to subsidize renewable energy.
Roettgen explained that since Germany already produces about half of the world's solar energy, competition with the Asian solar market on technology and innovation is crucial. The cut in incentives should inspire "innovation instead of subsidies." Companies which rely on government subsidies, like SolarWorld and Phoenix Solar, will be affected most by the cuts in funding.
Recommended for Further Reading:
- Solar Shares drop upon German plans to cut Solar Assistance
- Market Analysts Fear Solar Profits Will Drop Despite Recent Surges in Sales
- Solar Power Oversupply risks Overloading Germany's grid
- Germany to Cut Solar Power Incentives by July
- US Utilities increased 2009 Solar Production by 66 Percent
- Germany Develops Highest Efficiency Thin-Film Solar Cells
- Solar Energy is Now Cheaper to Produce than Nuclear Energy
- Bipartisan Renewable Power Bill Introduced in Senate
- Solar Panel Stocks In For Bumpy Ride; Stocks Drop due to Weak Demand & Over-Supply
- Green Tech may be Good for the Environment but Bad for Business
- GE’s New 600kW Solar Inverter Tackles Challenges of Integrating to Today’s Grid
- Treasury Grant Program Extension could Create 207,000 Solar Industry Jobs
- Latest National Poll: 9 Out of 10 Americans Want Solar Now
- Paul Detering of Tioga Energy on The Future of the Commercial Solar PPA
- France Invests Billions in Renewable Energy Program
Germany Cuts Solar Subsidies http://t.co/4IF7WScb #eco #cleantech #greenbuilding #renewableenergy
Reaction vs demande "@cleangreenpro: Germany Cuts Solar Subsidies http://t.co/lZxtQzyU #eco #cleantech #greenbuilding #renewableenergy"
Germany Cuts Solar Subsidies http://t.co/4IF7WScb #eco #cleantech #greenbuilding #renewableenergy
Germany Cuts Solar Subsidies http://bit.ly/d7bxpa #eco #cleantech #greenbuilding #renewableenergy
[...] has been one of the most active adopters of solar power. German solar subsidies have encouraged residents and businesses to install solar panels and sell extra electricity to the [...]
[...] has been one of the most active adopters of solar power. German solar subsidies have encouraged residents and businesses to install solar panels and sell extra electricity to the [...]
Against prevailing international vogue, Germany cuts gov't subsidies for solar #renewableenergy. http://bit.ly/bWaXLG
@buildaroo Innovation needs rewards and solar subsidies is not representitive of solar technologies, especially when we can not tax the sun!