The administration of Chancellor Angela Merkel plans to proceed with Germany's planned reductions in solar power incentives, with only small changes made to the plan.
Feed-in tariffs (FITs) for new rooftop solar installations will be reduced by 16% in July, as was originally planned, according to a Reuters report. Most ground-mounted installations will face cuts of 15%, with the exception of farmland projects, which will receive no incentives.
Addition reductions of one percentage point will be made by the beginning of 2011 if newly installed capacity tops 3.5 GW within a year. Another percentage point will be cut if capacity exceeds 4.5 GW in that time frame.
These measures must will be approved by the Free Democrats party and Merkel's parliamentary group leaders.
The rest of the new policy now awaits approval from the Bundestag, Germany's lower house of parliament.
SOURCE: Reuters
