No solar subsidy cut in Germany in July, data shows

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No solar subsidy cut in Germany in July, data shows

posted on Jun 18, 2011 03:06PM

Credit: Reuters/Kai Pfaffenbach
BERLIN/FRANKFURT | Thu Jun 16, 2011 11:02am EDT

BERLIN/FRANKFURT (Reuters) - Official data from Germany's network regulator shows the cut in incentives for solar power planned for July will be scrapped, pushing up German shares in the sector.

Government and industry sources had told Reuters a day earlier that the volume of new solar panel installations in Germany fell dramatically from March to May, the key period used by the government to determine the level of cuts.

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