Citigroup: Subsidy cuts will nearly kill Germany's solar industry

Climatewire reports:

A massive reduction in solar subsidies enacted by the German Parliament last week will all but shut down the photovoltaic market in that country starting next year, Citigroup analysts said in a research note.

One of the first victims was Q-Cells, once the world’s largest solar-cell maker, which filed for insolvency yesterday after a German court’s ruling cast doubt on its efforts to negotiate with its creditors…



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