Agreement Reached On German Solar Feed-In Tariff

Posted by SI Staff on June 26, 2012 No Comments
Categories : Policy Watch

The German government and federal states have agreed on cuts to the country's solar feed-in tariff (FIT), according to a Reuters report.

In May, a bill adopted by the German Parliament for reducing solar subsidies went before the government's mediation committee, per a decision from the German Federal Council, due to opposition to the FIT cuts.

According to the Reuters report, the mediation committee could approve a compromise deal on Germany's solar FIT as early as Wednesday.

Under the new compromise agreement, one-off cuts in incentives of 20% to 30% from April would remain, and FIT incentives would be capped at 52 GW of capacity, according to Reuters. Additionally, projects between 10 kW and 40 kW would receive a FIT rate of 18.5 eurocents/kWh.

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