Germany plans to reduce renewable energy subsidies amid strain on the power grid
Germany plans to scale back renewable-energy subsidies as surging solar output strains the power grid.
OriginalSourceSouth China Morning PostHong KongLeanCenterCredibilityPublished09:16 UTCRatings: AllSides, MBFCSourceSouth China Morning PostHong KongLeanCenterCredibilityPublished09:16 UTCRatings: AllSides, MBFC
“Germany to scale back renewable subsidies amid power grid strain”
Germany plans to reduce renewable energy subsidies amid strain on the power grid
Key points
- Germany plans to scale back renewable-energy subsidies due to surging solar output stressing its power grid.
- A draft law says new renewable generators get support from 2027 benefiting both market and system.
- Fixed feed-in tariffs for new installations will be gradually phased out under the proposal.
- Germany targets renewables at 80% of gross electricity consumption by 2030, up from about 58%.
- State renewable spending is expected at about €16 billion this year, with up to €3 billion in curtailment compensation.
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7 7 Germany plans to reduce renewable energy subsidies amid strain on the power grid
Germany plans to scale back renewable-energy subsidies as surging solar output strains the power grid.