German government looks to slash renewables funding
Credit: 15 February 2013 by Sara Knight, windpowermonthly.com ~~
A joint proposal to cut the costs of increasing Germany’s renewable energy capacity has been presented by the federal economy and environment ministers.
If the measures are implemented, renewable energy association BEE fears a massive market collapse for investment in renewables.
The paper, which has been met with widespread criticism, includes:
- A one-off 1.5% decrease in renewables support payments in 2014 for wind and other renewables plants installed before August 2013.
- An initial five-month period without any support for all wind and renewables plants that are commissioned after 1 August 2013.
- A 20% cut in the onshore wind energy feed-in tariff and a 4% cut in the offshore feed in tariff that is paid from the sixth month after commissioning of the new plants.
- New onshore and offshore wind farms commissioned after 1 August 2013 will also be excluded from using the guaranteed feed-in tariff system.
The planned 4% cut will undermine the economic basis for all offshore wind projects in planning or under construction, warned German wind energy association BWE.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
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