Thursday, June 3, 2010

"German Bundesrat may not pass solar feed-in tariffs cuts in Friday vote, report says" (FSLR;TAN; TSL)

From Reuters:
German solar cuts hit parliamentary hurdle -sources
 Bundesrat upper house set to block solar incentive cuts
Germany's Bundesrat upper house of parliament is unlikely to pass cuts to solar incentives on Friday, so a mediation committee would be needed to resolve the matter, government sources told Reuters on Thursday.
If the parliamentary committee is called, the proposed cuts, which include a 16 percent reduction in so-called feed-in tariffs for new rooftop solar installations, would not be able to take effect on July 1 as planned, the sources said.
The impasse has arisen because states in eastern Germany, along with the big western states of Baden-Wuerttemberg and Bavaria, where the solar industry is strong and provides thousands of jobs, have decided to block approval, sources said....MORE
HT: PV-tech who also supplied the headline.