France’s Retroactive Cuts for Solar Draws Anger From Industry
- Renewables backers see an economic disaster in government move
- Government wants to cut cost of deals agreed in previous years
Photographer: Fabrice Dimier/Bloomberg
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France’s utilities joined with investors in clean power projects in objecting to a government plan to cut as much as 4 billion euros ($4.7 billion) in subsidies owed to large owners of old solar farms, saying the move will create havoc in the renewable industry.