The solar industry in Germany fears that investments in the billions could be at risk due to the German government’s plans. The reason given by the German Solar Industry Association is that "windfall profits" from operators of renewable energies are to be skimmed off to finance the electricity price brake. According to an industry survey, in the event of such a "revenue skimming" three quarters of the company directors wanted to reduce or postpone new investments. The chief executive of the association, Carsten Körnig, criticized the government, saying a "solar booster" and not a solar brake was needed.
The German government wants to skim off "windfall profits" from companies on the electricity market retroactively from September 1 to help finance the planned electricity price brake, according to a paper. The electricity price brake is to take effect from January. Producers of green electricity from wind and sun, for example, have recently benefited from high prices on the stock exchange. The background to this is the sharp rise in gas prices and the mechanism for price formation on the electricity market.
Körnig spoke of massive interference in the revenue structures of the energy transition to renewables. The plans also ignore the significant cost increases that the solar industry is also currently struggling with, he said.
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
