German FiT cuts could now be delayed by one month
It has been rumored on the wires that there will be yet another change to the German FiT plans. Reuters has now reported that the German Environment Minister Norbert Roettgen wants to delay his proposed 15% cuts in solar subsidies by one month. This means that the proposed cuts will not go ahead until May 1 instead of April 1. Reuters claims that its government sources say that there are plans for further cuts after 2011 that could be steeper than Roettgen is now planning. This new proposal would include 3.5% additional subsidy cuts (on top of planned ~9% subsidy reduction) if the overall installations exceed 3.5GW. The current proposal calls for 2.5% additional subsidy cuts.