Merkel suggests cutting solar subsidies further - Business - GMA News Online - Latest Philippine News: "MAGDEBURG, Germany - German Chancellor Angela Merkel said on Tuesday solar energy subsidies should be reduced, and it could make more sense in the future to draw solar energy from places like Greece, where the sun shined longer.
Merkel said that while wind energy seemed on track to becoming commercially viable in Germany, this did not seem the case for solar energy.
Already over the past two years, Germany has sharply reduced so-called feed-in tariffs, through which investors receive a guaranteed return on generated energy output.
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'via Blog this'
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