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France Needs More Cuts to Solar Subsidy, Study Says

France needs to revise targets for solar energy and further cut subsidies to curb costs to consumers that may balloon to 54 billion euros ($70 billion) by 2020, according to a government report.

New installations should be capped at 300 to 500 megawatts a year, wrote Jean-Michel Charpin in a report published on the finance ministry’s website Sept. 3. France is on track to surpass its 2020 target for installed solar capacity by 2013 as companies rush to profit from inflated tariffs, he said.