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The Nexus
BUSINESSJul 18 · 09:16 UTCSCMP CHINABloomberg

Germany to scale back renewable subsidies amid power grid strain

Germany plans to reduce renewable-energy subsidies starting in 2027 to address power grid strain caused by surging solar output. A draft law from the Economy Ministry proposes rewarding renewable projects that align with electricity demand and avoid worsening grid congestion.

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