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German solar subsidies to fade 15 percent from 2012
October 27, 2011 / 12:16 PM / 6 years ago

German solar subsidies to fade 15 percent from 2012

FRANKFURT (Reuters) - Germany’s solar feed-in tariffs, subsidies the industry needs to be competitive, will fall 15 percent from 2012.

Sheep graze between the solar panels of a solar park in Waghaeusel, 20 km (12 miles) southeast of Karlsruhe, March 21, 2011. REUTERS/Kai Pfaffenbach

The move announced by the German network regulator on Thursday, was expected by industry executives and analysts.

Bonn-based Bundesnetzagentur said solar installations in the 12 months to September 2011 -- the reference period determining the size of the cut -- reached about 5,200 megawatts (MW), down from 7,800 MW in the year-earlier period.

For cuts of 15 percent, installations during the 12-month period needed to be greater than 4,500 MW, according to the German renewable act EEG. Latest available statistics had suggested a cut of at least 12 percent.

Germany is the world’s largest solar market by installations and therefore a major sales market of sector bellwethers such as U.S.-based First Solar, China’s Suntech, Norway’s Renewable Energy Corp and Germany’s SMA Solar.

Reporting by Christoph Steitz

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