ANALYSIS: Germany's bitter pill

Peter Altmaier

Environment minister Peter Altmaier

A joint plan presented by German environment minister Peter Altmaier and economics minister Philipp Rösler to cut support for renewables would be a heavy blow for the industry in its current form.

Germany’s renewable energy association (BEE) warns new investments could collapse and the country’s transition away from nuclear power would come to a standstill.

The plan contains a series of harsh measures: among them a five-month moratorium before feed-in tariffs (FITs) would be paid for new renewable plants in all technologies apart from PV, and an additional 1.5%-cut in FITs to already-producing plants.

The ministers also suggest a cut in FITs for new onshore wind plants to €0.08 per kWh, from about €0.09 per kWh now.

That could stop the build-up of wind Log in to read complete article.

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