January 23, 2012

Michael Fuchs: Solar Subsidy 'Insanity' Will Cost Germans

Der Spiegel, Der Spiegel


SPIEGEL: The Christian Democrats (CDU), their Bavarian sister party the Christian Social Union (CSU) and their business-friendly junior coalition partners the Free Democrats (FDP) had actually intended to drastically reduce subsidies for solar electricity. But a new record was reached in the construction of solar energy systems in December. What went wrong?


Fuchs: Solar energy systems are still a risk-free business at the expense of electricity customers. The prices of solar cells are dropping much faster than we have been able to reduce subsidies so far. That's a huge mistake....

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TAGGED: Economy, Energy Subsidies, German Energy Policy, Germany, DER SPIEGEL


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