Germany’s Planned Clean-Energy Aid Cuts Hurt Turbine Makers
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Germany’s clean-energy industry said government plans to accelerate cuts in aid to operators of wind and solar-power plants threaten to derail the country’s transition to renewable sources.
Wind-turbine maker Nordex SE, which has benefited from booming installations on land, fell the most in more than a month in Frankfurt trading after weekend reports that Economy and Energy Minister Sigmar Gabriel aims to rein in subsidies. German utilities RWE AG and EON SE welcomed Gabriel’s plans.