German Energy Reform Approved

GALWAY, IRELAND--April 14, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) A major overhaul of Germany's renewable energy support system has been passed by parliament in an effort to cut the cost of subsiding renewable energy and put a halt to the country's spiralling electricity prices.

The reforms to the Renewable Energies Act (EEG) by the coalition government, led by Chancellor Angela Merkel, will mean cuts to the generous renewable energy subsidies that have spurred rapid green energy growth over the past decade.