German mediation committee proposes PV cuts compromise06. July 2010 | Markets & Trends, Top News | By: Becky Stuart
German photovoltaic feed-in tariff cuts should be slightly reduced and implemented in two stages – including retroactively – according to a recommendation issued by the parliamentary mediation committee between the German Bundestag and the Bundesrat for solar promotion.
Under the proposal, a smaller 13 percent cut for rooftop installations would be applied, retroactively, from July 1. Incentives for open space plants and converted spaces would be cut by 12 percent and eight percent respectively, said the committee.
It added that from October 1, incentives should then be lowered once again, each by an additional three percent, which would see the cuts set at the German parliament’s original proposal.
The Bundesrat und the Bundestag are set to vote on the committee’s new proposals by the end of the week.
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