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Non-Tech : Alternative energy

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To: William Marsh who started this subject	8/16/2003 7:16:53 AM
From: Elsewhere	of 16955

German Government Confirms 50% Renewable Energy Target By 2050 news.nasdaq.com\ACQDJON200308151110DOWJONESDJONLINE000303.htm BERLIN -(Dow Jones)- The German government confirmed its target of generating 50% of the country's energy from renewable sources by 2050 in a draft law Friday. The Environment Ministry Friday published its draft amendment to the country's renewable energy law, restating the final goal as well as intermediary goals of 12.5% by 2010 and 20% by 2020. In 2002, renewable energy including hydropower represented 9% of electricity generation. The draft law also cuts subsidies for renewable energy providers. The difference in costs between power from renewable sources and other sources is expected to decline to EUR0.01 a kilowatt-hour by 2016 from EUR0.045/kWh in 2004, the draft said. Subsidies for wind energy are to be lowered, but offshore windpower will be subsidized for 12 years after wind parks start their activity. -By Mathilde Richter, Dow Jones Newswires; 49 30 288 8410; mathilde.richter@ dowjones.com Dow Jones Newswires 08-15-030936ET

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