German cabinet agrees solar incentive cuts: source

Submitted by orville on March 3, 2010
in

Chancellor Angela Merkel's cabinet as expected has agreed to a proposed cuts to state-mandated solar power incentives in July, a government source told Reuters on Wednesday.

The government wants to cut the incentives for rooftop solar power by a one-off 16 percent from July 1 while incentives for conversion sites like dumps and unused army bases will be dropped by 11 percent.

After passing the cabinet, the measure will head to the Bundestag, or lower house of parliament, later in March where Merkel's center-right coalition has a comfortable majority.

For further information: Reuters