L R AS Published on Sunday 17 December 2023 - n° 470 - Categories:Germany

The German government must reduce its spending on solar energy

The German government has decided to cut solar spending to make up for a €60 billion budget deficit triggered by a German Federal Court ruling in November. The Court annulled

the Bundestag's supplementary budget (deemed unconstitutional) for 2021, which attempted to redirect €60 billion of pandemic-related funding into the climate protection portfolio, in the name of Germany's strict debt limit rules.

There will be a phasing out of the environmental bonus for electric cars and a reduction in solar subsidies. Supplements for renewable energy sources (EEG) legislation will continue to be abolished.

Naturally, the photovoltaic industry deplores these decisions.

https://www.pv-magazine.com/2023/12/13/germanys-solar-funding-in-firing-line-after-e60-billion-budget-shortfall/

PV Magazine of 13 December 2023

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