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 State-Owned Maritsa East 2 TPP Reported Loss of BGN 38.6 M in 2014
- » Bulgaria Backs Idea for Gas Ring with Romania, Hungary, Slovakia
- » Bulgaria May Be Connected To Turkish Stream – Energy Committee Head
- » Lukoil CEO Urges Fight against Shadow Carbon Pricing
- » Plevneliev Welcomes Upgrade of Russia’s Lukoil Bulgarian Refinery Neftochim
- » Sofia Heating Utility Fined BGN 125 000 for Abuse of Dominant Position