Isnโt going over well in Germany:
Feb. 3 (Bloomberg) โ Germanyโs solar industry called for countrywide protests against Environment Ministry plans to slash subsidies, amid mounting frustration at the uncertainty caused by government deadlock over how far and fast to make the cuts.
As many as 10,000 workers from factories that make solar- power panels and their control systems will tomorrow protest Environment Minister Norbert Roettgenโs planned cuts, the BSW industry lobby group said. Companies including Solarworld AG, Q- Cells SE and First Solar Inc. will participate, it said.
โThe 60,000 people working in the growing market for photovoltaic panels demand that the government put a stop to the clear cuts for solar support,โ Carsten Koernig, head of the Berlin-based BSW, said in an e-mailed statement.
Solar power is just one area of discord within Chancellor Angela Merkelโs coalition as it marks 100 days in office today. The three parties are struggling to agree on policy from health care to banking reform amid signs the recovery in Europeโs biggest economy may be faltering, driving Merkelโs popularity to a three-year low and hurting the coalitionโs support in polls.
Shares of solar companies have declined since Merkel won re-election in September. Solarworld has lost 21 percent, Q- Cells has shed 18 percent and Solon SE has declined 27 percent since Sept. 28, the first day of trading after the election.
Legislation to reduce subsidies by 15 percent starting April 1 was left off the agenda of todayโs Cabinet meeting in Berlin as the three governing parties and competing ministries argue about the timing and depth of cuts. The government has said it still aims to send the bill to parliament in February.





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