The second German parliamentary chamber, the Bundesrat, has recently overturned German minister for the environment Norbert Röttgen’s plans to cut German subisidies for the generation of solar power. Leading the revolt against the plans were eastern German regions who are host to some of Germany’s largest solar companies. Röttgen had planned to cut subsidies by up to 16 percent depending on the application. Stock markets reacted positively to the news.
With the race on in earnest to have the most efficient, low-cost solar module on the market, GE had recently announced it is focusing its research and development efforts on thin film PV technology in conjunction with PrimeStar Solar Inc., the start up firm in which GE is a majority investor. Working closely with PrimeStar technology experts, the company is bringing to bear the full scale of its four Global Research operations to address each of the challenges required to bring a new product to market.
Read the full German article at http://bit.ly/9n4g0O
Reuters report: http://bit.ly/aQVI7c