Germany to Cut Solar Power Incentives by July
Since being put into place in 2000, Germany has quickly become the world's largest market for photovoltaic (PV) installations. This market faces risk of a sharp decline in photovoltaic sales as the German government, pending Parliamentary approval, plans an 11-16 percent cut to the feed-in tariffs that were established with the Renewable Energy Act. The cut would be instituted by July 1st and would be the second cut to Germany's renewable energy program this year, the first having occurred in January.
The proposed measure would cut incentives for rooftop solar by 16 percent, reduce incentives to areas such as dumps and old military bases by 11 percent, and completely cut all incentives for farms and other agricultural locations. Proponents of the measure cite a decline in prices, oversupply of materials and rapid growth in the industry as reasons for the proposed cuts.
via Calgary Herald