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Germany Puts Brake on Renewable Energy Expansion

09 Jul 16:00 by Green Energy

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FRANKFURT—German lawmakers on Friday voted to limit the expansion of renewable power, in response to concerns that the country’s efforts to promote green energy has resulted in too much too soon.

A new law will require generators of renewable energy to submit bids on a restricted number of projects as of 2017, replacing a system that allowed an unlimited number of projects to go forward at guaranteed prices, called feed-in tariffs. Under the new system, prices will be proposed by bidders.