Reported 5 months ago
Germany plans to cut and reform subsidies for renewable energy producers to address increasing costs for the government. By cancelling payments for mid-size and large projects if electricity prices fall below zero starting from January, the move aims to tackle uncertainties over future investments. The state estimated it would pay wind and solar operators up to €20 billion by the end of the year, leading to reforms introducing subsidies based on investment costs rather than fixed output prices in the future.
Source: YAHOO