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S5/10Economic

Germany to scale back renewable subsidies amid power grid strain

Germany plans to scale back renewable-energy subsidies in a sweeping overhaul of its funding system, as surging solar output puts growing strain on the country’s power grid.

From 2027, new renewable generators should receive support “in a way that benefits both the market and the system,” according to a draft law published by the Economy Ministry late on Friday.

That means rewarding projects that respond more closely to electricity demand and do not worsen grid congestion. Fixed feed-in tariffs...

Source: South China Morning PostOriginal source

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