German Onshore Wind Subsidies Cut by 2.4%
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Feed-in tariffs for onshore wind parks in Germany that were not awarded in auctions will decline by 2.4 percent from April 1, 2018, as capacity expansion was ahead of the government's target rate, Germany's energy regulator said on Friday.
* Gross additions of wind parks came to 5,516 megawatts (MW) between November 2016 and October 2017, which the Bundesnetzagentur said was significantly above target
* The reduction in subsidies from April 1 is in line with that seen in the previous two quarters
* Germany is shifting from a subsidy-based system to one of auctions, but very small facilities or those approved by end-2016 and starting operations by end-2018 are still eligible.
* Wind energy accounts for over half of Germany's renewable production and is the core energy in its long-term decarbonisation of the power sector that it wants to largely complete by the middle of the century.
Reporting by Maria Sheahan
