German Parliament Approves Scheduled Cuts To Solar Incentives

Germany's Bundestag – its lower house of parliament – has given approval to the country's previously announced reductions to subsidies for solar installations, Reuters reports. The reductions are expected to take place in July.

Under the new incentive levels, subsidies for rooftop solar power will be cut by 16%, and most open-field installations will see a 15% reduction in subsidies.

SOURCE: Reuters

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