Germany Lowers Subsidies for 'Green' Electricity
German Parliament adopted Friday legal changes curtailing subsidies allocated to renewable energy producers.
Bundestag members took the move after an unprecedented threefold increase of state aid for the sector in just four years.
Sigmar Gabriel, leader of the socialist party (SPD) which is the Christian Democrats' partner in the ruling broad coalition, was quoted by daily Bild as assuring Berlin is keeping in sight the 2050 target of a 80-percent share of renewables in the energy mix.
The decision was approved with 454 to 123 votes, with only six MPs choosing to abstain.
- » Gazprom Directors' Board to Discuss Issues of South Stream Bulgaria
- » Economy Ministry Working to Ensure Varna TPP Will Remain Open
- » Bulgaria Determined to Keep Varna TPP Functioning – Deputy Minister
- » Westinghouse Picks М3 Communications for Its PR Agency in Bulgaria
- » Bulgaria's Energy Market 'Needs More Dealers'
- » Incoming EU Energy Commissioner Prefers Southern Gas Corridor over South Stream