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Solar & Alternative Energy

German solar exec urges cutting subsidies in campaign against Asian rivals

Wall Street Journal
27 September 2009

As cheaper Chinese rivals threaten to outshine Germany's pioneering solar-power industry, the head of a leading German solar company is proposing a radical counteroffense: cut the generous government subsidies that let German solar firms flourish in the first place.

SolarWorld AG Chief Executive Frank Asbeck pitched the proposal at a European solar-energy conference in Hamburg, and it is the latest salvo in the growing trade tensions between European and Asian solar companies.

German solar exec urges cutting subsidies in campaign against Asian rivals (Wall Street Journal)

German solar industry counts on new government backing (Reuters)