Home News UPDATE2: government agrees on solar funding cut

UPDATE2: government agrees on solar funding cut

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BERLIN (Dow Jones) – The parliamentary groups of CDU and FDP are in dispute to the reduction in solar grants a compromise achieved. Thus, the subsidies in the form of feed-in tariffs are for roof installations on 1 July at 16% will be further reduced, "said an EU spokesman on Tuesday Dow Jones TradeNews Energy. The Reductions for open areas remain, as in the proposal Federal Environment Minister Norbert Röttgen (CDU) is also unchanged at 15% 1. July this year. However, it should not promote Plants on arable land to give more if it after 1 July 2010 be built. A new addition is the Funding opportunity for installations on existing commercial sites and on Open areas along motorways and rail carriers.
In addition, the Renewable Energy Sources Act is already planned for each year of scale further tightened are: From January 2011, the scale is on average 9% for more 2.5 percentage point increase when the additional construction of solar systems in one year is about 3,500 MW. From 2012, the scale is to another 3 percent increase.
The Federal Solar Industry Association (BSW-Solar) practiced sharp criticism of the coalition plans. That Support rates in comparison to the bill of the Federal Environment Minister is now until three months later to be reduced, was not substantial assistance to the industry, criticized BSW-Solar CEO Carsten Körnig. The most urgent problem of Germany Solar industry was the entire amount of proposed cuts to January 2011. Here, the policy had not moved far.
If this reduction plans are implemented, threatens insolvency and the loss of thousands of wave Jobs, "warned Körnig. The situation is likely to endanger the existence For many companies are also because as early as 1 January 2011 the support rates are significantly reduced again should. The solar industry appealed to the federal government that Rectify reduction plans in the further legislative process in order to Solar obtain production site Germany.
The federal cabinet will meet on 3 March together and the Compromise of the coalition committee approve. The bill is of German Bundestag go out to the legislative process . speed The Cabinet is the parliamentary initiative with a so-called Formulation aid support.
Federal Environment Minister Röttgen had proposed in January, the promotion of solar systems already at 1 April also be reduced by 15%. The feed-in tariffs for plants on arable land should be reduced by 25%. The scale should be strengthened by the will of the Environment 2.5% amount. However, there were both within the Union parties and in the Ranks of the FDP different views on the future Government aid. Against the dramatic and rapid reduction of subsidies had especially the Christian Democratic Party of the East German federal states pronounced.

   

Website: www.solarwirtschaft.de
-By Ali Ulucay, Dow Jones TradeNews Energy
+49 (0) 69 29725 100, ali.ulucay @ dowjones.com
(Beate Preuschoff contributed to this report)
DJG / aul / bep / has
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(END) Dow Jones Newswires

February 23, 2010 07:57 ET (12:57 GMT)

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