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German Wind Installations Soar Ahead of Subsidy Reduction

July 29 (Bloomberg) -- Installations of onshore wind turbines in Germany jumped 66 percent in the first half of the year as developers sped up projects to beat expected reductions in subsidy payments.

Turbines with a capacity of 1,723 megawatts were added, up from 1,038 megawatts in the same period last year, German Engineering Federation VDMA and the BWE wind lobby said today in a joint e-mailed statement.

They expect Germany to add as much as 3,700 megawatts of turbines this year, which would be a record for the country. They raised their estimate from 3,000 megawatts.

Germany is Europe’s biggest wind-power market and home to turbine manufacturers including Siemens AG and Nordex SE. Chancellor Angela Merkel’s government earlier this year revamped the country’s EEG clean-energy law to curb subsidies and keep power prices under control.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tony Barrett

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