The compromise was designed to resolve a political impasse over Chancellor Angela Merkel's plans to cut the feed-in tariffs for new rooftop solar installations because prices for solar power equipment have fallen so steeply in recent years.
The Bundestag agreed to the compromise from a mediation committee to cut the tariffs by 13 percent in July and then another three percentage points to 16 percent from October.
This could weigh on companies like Q-Cells, Phoenix Solar and Solarworld, which depend on demand from Germany, the world's biggest market for solar energy as measured by installed capacity, added Reuters.
The Bundesrat, which represents Germany's 16 states, is set to vote on the new proposals tomorrow. If it rejects the bill, the Bundestag could still overrule the upper house.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.