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The German government has proposed to cut it's solar feed-in tariff program by as much as 44%.
Germany is trying to ween its solar industry off the feed-in tariff program quicker than planned. If the government goes through with its proposal to slash the price per kilowatt hour for power generated from solar panels, the price paid by utilities for solar energy could be cut in half within 18 months.
Close to 20,000 workers from Q Cells SE (ETR:QCE) and Solarworld AG (ETR:SWV) protested the government's proposed action.
Germany has been considered the benchmark for feed-in tariff's and policies designed to integrate renewable energy into the economy. Programs in Ontario, Canada and the United Kingdom have used Germany's legislation as an example. However, that may change if these price cuts cripple Germany's solar industry.
Read the full story at Bloomberg: Germany's Solar Industry Predicts 44% Cut in Power Price
