27 Jun '14, 7pm

German Lawmakers Vote to Reduce Renewable Energy Subsidies

The legislation, which introduces limits on how much onshore wind and biomass capacity qualifies for the full subsidies and lowers existing targets for solar and offshore wind, pulls energy policy “out of the quicksand,” Economy Minister Sigmar Gabriel told reporters after the vote in the lower house. “We have to expand renewables with more planning security.” Chancellor Angela Merkel is seeking to curb subsidies in Europe’s biggest renewables market even as she pushes through an “energy switch” from nuclear power. Her plan would see all the country’s reactors shut by 2022 and the share of renewables rise to at least 80 percent by 2050, from about a quarter now. “Excessive” power-price gains are making the expansion of renewables unsustainable, Gabriel said earlier today. The opposition Green Party and Die Linke voted against the bill, saying it would delay solar, wind and...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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