Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

German Solar-Power Subsidy Cuts Passed by Upper House

July 9 (Bloomberg) -- Germany’s upper house of parliament backed reductions in solar-power subsidies of as much as 16 percent after offering the industry an extra three months to adjust to the cuts.

The measure trims so-called feed-in tariffs for solar power fed into Germany’s electricity grid by 16 percent for rooftop equipment, 15 percent for farmland and 11 percent for spaces such as former industrial or military sites, effective July 1.

Shares of manufacturers in Germany, the world’s biggest market for photovoltaic panels, have suffered this year amid uncertainty about how much the tariffs would be reduced. The Bloomberg Global Leaders Solar Index, with 38 members including Q-Cells, First Solar Inc. and Solarworld, has declined 23 percent this year.

After some German state governments objected, the planned eductions were scaled back by three percentage points for each category until Sept. 30, when the full cuts kick in.

Link to Company News:{FSLR US <Equity> CN <GO>} Link to Company News:{EOAN GR <Equity> CN <GO>} Link to Company News:{QCE GR <Equity> CN <GO>} Link to Company News:{RWE GR <Equity> CN <GO>} Link to Company News:{S92 GR <Equity> CN <GO>} Link to Company News:{SOO1 GR <Equity> CN <GO>} Link to Company News:{SWV GR <Equity> CN <GO>}

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.