Germany to cut solar energy subsidies

Germany's solar power industry could cool as Berlin plans to cut subsidies in a sector whose energy capacity output has more than doubled the government’s projected target.

German authorities want to slash up to 30 percent of the industry’s subsidies they claim is increasing the surcharge paid by consumers and taking funding away from other renewable energy sectors like wind.

Environment Minister Norbert Roettgen and Economy Minister Philipp Roesler will present their plans on th...