Germany's upper house of parliament has voted to reduce the severity of the reductions planned for solar installations in the country.
Under the chamber's new plan, subsidies for rooftop and ground-mounted installations would be cut only up to 10%, Bloomberg reports. The existing proposal, supported by German Chancellor Angela Merkel's coalition, would reduce solar subsidies between 11% and 16%.
The bill, as approved by the upper house of parliament, will now be sent to a committee comprising both houses. However, Merkel's coalition holds the power to reject changes with a second vote in the lower house.
The subsidy reductions are due to take effect July 1.
Source: Solar Industry
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