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Germany Energy Minister Proposes Cuts to Renewable Subsidies, Industry Reacts

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German Energy Minister Sigmar Gabriel is scheduled to propose renewable energy reform on Wednesday. In an effort to reduce government spending and slow the increase in energy costs, Gabriel proposes to cut subsides for renewable sources from €0.17 per kilowatt-hour (kWh) to €0.12 per kWh by 2015, according to several reports.

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Germany Energy Minister Proposes Cuts to Renewable Subsidies, Industry Reacts

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