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.
- » Bulgaria’s National Electric Company Reports BGN 425M Loss in end-Sept
- » Austria's Verbund to Sell Its Wind Farm in Bulgaria
- » Russia Ties Renewal of Supplies to Ukraine's First Chunk of Debt
- » Moscow, Kiev Agree to Renew Gas Flow to Ukraine
- » Bulgaria to Use EU Funding to Implement 5 Energy Projects worth over EUR 4 M
- » Bulgargaz Cuts Gas Supplies to Bulgarian Heating Utilities by 50%