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Germany’s solar subsidy reforms ‘a great success’, says energy minister
Thursday, July 11th, 2013 By Nicky Stubbs
The German Bundestag, the country’s parliament, voted in 2012 to cut state subsidies for solar power in an attempt to control rocketing surcharges on electricity bills.
The cuts to subsidies came amid a boom in the industry, with the country exceeding a number of renewable energy targets.
Despite warnings of cuts to solar photovoltaic (PV) projects across the country, the industry witnessed a growth and even beat the world record for solar energy generation.
Speaking about the success of the cuts, German energy minister Peter Altmaier said, “The reforms work. The expansion of photovoltaics is now on a sustainable path.”
He added that by 2017, new solar installations could be possible without government subsidies.
Angela Merkel, the German chancellor...
The German Bundestag, the country’s parliament, voted in 2012 to cut state subsidies for solar power in an attempt to control rocketing surcharges on electricity bills.
The cuts to subsidies came amid a boom in the industry, with the country exceeding a number of renewable energy targets.
Despite warnings of cuts to solar photovoltaic (PV) projects across the country, the industry witnessed a growth and even beat the world record for solar energy generation.
Speaking about the success of the cuts, German energy minister Peter Altmaier said, “The reforms work. The expansion of photovoltaics is now on a sustainable path.”
He added that by 2017, new solar installations could be possible without government subsidies.
Angela Merkel, the German chancellor...
- See more at: http://blueandgreentomorrow.com/2013/07/11/germanys-solar-subsidy-reforms-a-great-success-says-energy-minister/#sthash.8EzuIiBr.dpuf