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Germany Faces State Calls to Adjust Solar Subsidy Reduction Plan

BLOOMBERG - German Chancellor Angela Merkel’s government is facing calls from the opposition and a state premier from her own party to amend plans to reduce solar energy subsidies amid mounting concern that the cuts may drive domestic companies out of business.

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Print February 28, 2012, 12:56 (CET)
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Reiner Haseloff, the state premier of Saxony-Anhalt and a member of Merkel’s Christian Democrats, said the government’s proposal to lower subsidies by a record as early as March 9 threatens domestic solar companies. His call was backed by the opposition Green Party, which said in a statement today that it asked the Bundestag, the lower house of Parliament, to schedule a debate over the cuts that “threaten entire regions.”

 

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