February 24, 2011 / 8:39 PM / 8 years ago

Germany cuts solar subsidies by up to 15 pct

BERLIN, Feb 24 (Reuters) - German lawmakers passed on Thursday a law cutting solar power subsidies by up to 15 percent from this summer, six months earlier than originally planned, dealing a blow to the world’s biggest photovoltaic market.

The lower parliamentary house voted to introduce the cuts for roof installations from July and for ground-based cell assemblies from September.

Germany has helped drive down the prices for systems that turn sunlight into electricity. (Reporting by Markus Wacket, writing by John Stonestreet; Editing by Dale Hudson)

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