Germany to Cut Subsidies for Solar Power

Germany plans to reduce government subsidies supporting solar power by up to 30 percent within a year because higher-than-expected demand has made the scheme far more costly than authorities initially expected. 

The country's drive to abandon nuclear energy in the wake of Japan's Fukushima nuclear disaster has led to a boom in solar power installations last year that vastly exceeded the government's forecasts.

Link (submitted by Japhet)