(Bloomberg) — Germany paid a record sum to foster green electricity last y...
Germany Paid Record $38 Billion for Green Power Growth in 2020 – Financial Post
Article content (Bloomberg) — Germany paid a record sum to foster green electricity last year as new wind, solar and biomass plants weathered the worst of the coronavirus crisis afflicting other sections of the economy. The rising costs of supporting renewables has become a friction point as the nation struggles with Covid-19. The subsidy is paid directly by consumers in electricity bills, helping make German retail power costs the highest across the European continent. The money channeled to green energy