Germany to Cut Renewable Energy Support

GALWAY, IRELAND--May 8, 2013 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Germany, one of Europe's strongest supporters of green energy, is facing an overhaul of its renewable energy act that will see subsidies for renewable energy projects cut and more gas-fired power plants constructed.

German chancellor, Angela Merkel, has announced that she wants to see a reduction in the feed-in-tariffs (FiTs) paid to renewable projects in order to reduce the cost to the government and lower consumers' electricity bills.