Monday, January 20, 2014

(BN) Germany’s Planned Clean-Energy Aid Cuts Hurt Turbine Makers

(Bloomberg ) Germany's clean-energy industry said government plans to accelerate cuts in aid to operators of wind and solar-power plants threaten to derail the country's transition to renewable sources.

Chancellor Angela Merkel's government intends to cut the cost of her plan to shutter Germany's nuclear plants and move Europe's biggest economy toward renewables. She says the top priority of her third-term government, which took office last month, is to modernize the system of clean-energy aid after rising wind and solar costs helped send consumer power bills soaring. German household electricity costs are the second highest in the 28-nation European Union.

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