Germany Cuts Clean Energy Wind Project Subsidies

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Nov. 14 (Bloomberg) -- Bloomberg News’ Stefan Nicola reports on changes to Germany’s green energy aid for wind power projects. He speaks on Bloomberg Television’s “The Pulse.”

Changes are and what we are talking about.

First of all, government coalitions negotiated -- negotiators agreed to negotiate the companies expansion targets for offshore wind farms.

They also also agreed to slow down and expansion of biomass.

That is in part due to lower prices of the energy switch.

And germany has the second- highest consumer power prices in theeu eu.

So the chancellor has been under pressure to act on that.

Industry and consumers have not been happy, so she really needed to get going and reduce prices.

And cutting subsidies for clean energy projects as part of that effort.

So consumers and business are not happy.

Let's talk about the ceo's. who are the winners and who are the losers?

Well, certainly the winter -- wind turbine makers are not happy about the cuts to the offshore wind expection targets and aid.

-expansion targets.

That will slow down targets from 2015. it may actually benefit them in 2014 if developers try to beat these cuts before they take effect.

There is a bit more uncertainty going on because we do not know any definitive, the height of the cuts is not known.

The government coalition has not been formed yet.

Lots of negotiations going on.

Thanks for the update joining

This text has been automatically generated. It may not be 100% accurate.


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