Solar Power World

Solar Power In Germany Faces Subsidy Cut

Germany, the world’s biggest market for solar cells, is poised to slash its subsidies for solar power by as much as 17 percent, Economy Minister Rainer Bruederle said on Tuesday. Electricity produced by solar power in Germany is sold at a minimum price guaranteed by the government to help producers compete with firms using fossil fuels and nuclear power that can produce power much more cheaply. This guaranteed price has already been reduced gradually—the subsidy was already... Read More