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Deal Reached on German Feed-in Tariff
Submitted on 06/28/12, 08:07 AM | Click Here for the full article: RenewableEnergyWorld
The country has agreed to cap solar power installations at 52 GW.
German Chancellor Angela Merkel's government won agreement on cuts to solar-power subsidies and plans to store greenhouse gases underground, breaking a deadlock that threatened to hold up the country's energy transition.
Under the deal reached with Germany’s 16 states in a panel of arbitration, the government will maintain a solar “growth corridor” of 2,500-3,500 megawatts a year, Environment Minister Peter Altmaier told reporters in Berlin late yesterday. There will be a cap on subsidies at 52 gigawatts (GW), at which point a new formula will be found, he said.
A new category will subsidize mid-size roof systems of 10- 40 kilowatts at 18.5 euro cents ($0.23) per kilowatt/hour, higher than planned, the upper house of parliament, where the states are represented, said in a separate statement after the panel met. Otherwise, new installations will be subject to subsidy cuts from April 1 as envisaged, it said.
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