Monday, May 5, 2008

Eurochumps, no more? Germany's CDU proposes reduction of subsidies for solar energy (FSLR)

I knew a guy who would get drunk and say "Turn that worthless investor equity into valuable 2 and 20" (I think he stole it from Dogbert, or was that the "Fool and his money plan"?)
He came to mind along with the German subsidies as I looked at FSLR's form 4's this morning.
("turn those worthless subsidies into valuable Chinese and American bank deposits")
From Forbes:

Germany's ruling political party, the CDU, has proposed to amend the law on renewable energy by calling for a reduction of subsidies for solar energy.

Frankfurter Allgemeine Zeitung said deputy chairman of the CDU's faction in the Bundestag, Katherina Reiche, had made such a proposal at a hearing before the Lower House of Parliament.

In a separate report, Handelsblatt said leading German research institute Rheinisch-Westfaelischse Institut fuer Wirtschaftsforschung is proposing a slash in subsidies for solar energy by 30 percent....MORE

Germany's been popping up in our posts recently:

McKinsey says Germany in terminal decline

Report: Chinese solar cells swamping subsidized German market

Speculated incentives cut may spur solar-power system demand in Germany