- National Wind Watch: Wind Energy News - https://www.wind-watch.org/news -

German government looks to slash renewables funding

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:

New projects will have to use the “direct marketing” market-premium mechanism, although this will be linked to the feed-in tariff rates.

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.