"Government sources had told Reuters on Wednesday the cuts of 20 to 30 percent would be moved forward to April 1, news that sent share prices tumbling. On Thursday Environment Minister Norbert Roettgen and Economy Minister Philipp said the cuts would be moved forward even more, to March 9, to thwart any last-minute boom in projects, a further blow to producers.
Shares in European solar companies plunged further on Thursday, with sector bellwethers SolarWorld, SMA Solar, Q-Cells, Renewable Energy Corp (REC) and Centrotherm down by between 3.2 and 12.8 percent by 1540 GMT.
U.S.-based First Solar and China's Suntech were down 5.64 and 4.9 percent in early Wall Street trading."
Full Story Here: Germany to cut solar subsidies faster than expected | Reuters:
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