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Germany proposes 15% cut in solar subsides

The German government is proposing a cut of 15% on the subsidies it gives solar-power providers, Environment Minister Norbert Roettgen said Wednesday, reflecting what the government deems the sector’s success, but the move drew sharp criticism from the industry.

This one-time cut is set to come into force in April for roof installations and in July for open field sites. Both cuts come in addition to an annual decline in subsidies that is already dictated by Germany’s Renewable Energy Act.

Wall Street Journal