BERLIN May 6 Germany's Bundestag lower house of
parliament approved on Thursday controversial cuts for solar
power incentives to take effect from July.
Solar subsidies for rooftop installed solar power will see a
one-off cut of 16 percent, while most open-field installations
will be cut by 15 percent.
German Environment Minister Norbert Roettgen said the cuts
were appropriate given that solar modules were now cheaper and
the sector had to compete with Asian producers.
"Our solution is innovation instead of subsidies," Roettgen
said. "And we also have to keep the costs with which we burden
electricity clients under control."
Germany is the world's largest market for solar power with
about half of all solar power produced there. Critics of the
cuts have said they could harm development of the technology.
(Reporting by Markus Wacket and Sarah Marsh)