German Solar Spending at Risk from Subsidy Cuts

26 January 2010 (Last Updated January 26th, 2010 18:30)

Q-Cells SE, Solarworld and other solar energy companies face a low investment and job outlook as the German Government considers cutting subsidised power prices. Solar manufacturer S.A.G. Solarstrom's chief executive officer Karl Kuhlmann was quoted by BusinessWeek as saying that lower

Q-Cells SE, Solarworld and other solar energy companies face a low investment and job outlook as the German Government considers cutting subsidised power prices.

Solar manufacturer S.A.G. Solarstrom's chief executive officer Karl Kuhlmann was quoted by BusinessWeek as saying that lower rates may reduce profit for panel makers and strip Germany of its title as the largest market of photovoltaic panels.

German environment minister Norbert Roettgen wants the price for electricity from solar plants installed on agricultural land to get a bigger reduction than rooftop systems, reports Bloomberg.

Subsidised rates for solar power, paid by power consumers in Germany, are guaranteed for 20 years.