Solar industry fights to save subsidies

Source Der Spiegel

overnment subsidies for solar energy in Germany have reached absurd proportions, as ordinary consumers pay out billions to support solar power. Now plans to reduce the subsidies are encountering massive resistance from the industry and a number of German states, which benefit from the current arrangement. Stuart Brannigan believes that the subsidization of solar power practiced in Germany is extremely exaggerated. Brannigan, a British citizen, says that it's "absolutely necessary" that it be drastically reduced in size. It's a surprising remark, considering that Brannigan is the European managing director of Yingli Green Energy, a Chinese solar energy company which largely has German government subsidies to thank for the fact that it has been able to grow from a small business into a major player in just six years. Brannigan hasn't exactly made any friends in the photovoltaic sector, especially not in Germany, with comments like this.