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Thousands protest against Germany’s solar FIT cuts

6 Mar 2012

Berlin, Germany yesterday saw thousands of protestors take to the streets as tensions over plans to further cut the feed-in tariff awarded to solar installations rise.

According to a report in Reuters, cuts to the subsidy are expected to reduce the industry to just a quarter of its size, as well as result in major job losses.

Guenther Cramer, president of Germany’s Solar Energy Association (BSW), said, ‘What solar energy does though is take away market share from the big utilities companies.’

A generous tariff led the industry to grow to the world’s largest over the past few years but as subsidies are withdrawn a number of companies active in the space have gone bankrupt.

Copyright © 2012 NewNet


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