Germany Cuts Onshore Wind, Biomass Plant Subsidies From 2016by
Subsidies for onshore wind to fall 1.2%, biomass 0.5%
Onshore wind subsidy cut bigger as installations above target
Germany will cut subsidies for onshore wind farms and biomass plants starting in January, the nation’s grid regulator said.
Above-target onshore-wind installations resulted in a 1.2 percent subsidy cut, while below additions for biomass plants meant a lower cut of 0.5 percent, Jochen Homann, president of Bundesnetzagentur, said in a statement on Friday.
As much as 3,666 megawatts of German onshore wind were installed in the 12 months through July, exceeding a target range of 2,400 megawatts to 2,600 megawatts. Biomass plant additions of 71 megawatts in the same period was below a 100-megawatt target, according to the regulator.
If net installations of onshore wind farms stay within the target range, subsidies will be cut 0.4 percent each quarter. Any deviations will result in higher or lower subsidy cuts. In June 2014, German lawmakers backed an extensive revision of the country’s clean-energy law to curb subsidies.