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Germany's solar industry warns against subsidy cuts for rooftop installations
Germany's solar industry has raised concerns over a proposal by Economy Minister Katherina Reiche to end feed-in subsidies for new small-scale rooftop photovoltaic (PV) systems. The sector has cautioned that such a move could risk national climate targets, as reported by Reuters. The feed-in subsidies were introduced in 2000 to support the growth of the solar power sector by ensuring a fixed price for renewable energy producers who sell their electricity to the grid. These subsidies have contributed to Germany's goal of sourcing 80% of its electricity consumption from renewable sources by 2030. However, the country currently faces challenges, having experienced two consecutive years of economic contraction. As the government seeks to increase defence spending, revitalise industry and upgrade ageing infrastructure, its finances are under considerable strain. Katherina Reiche stated that public funding is no longer necessary for new small rooftop PV installations, which primarily benefit private households, declaring: "New, small PV systems are already profitable in the market today and don't require any subsidies.' She also mentioned that system operators could help cover some of the expenses associated with the grid expansion needed to increase support for solar power generation. Carsten Koernig, the head of the German solar industry federation, stated that the subsidy offers essential security for financing banks. He further noted that without this support, only four out of ten customers would be inclined to invest in a solar power system for their homes. Koernig said: "The subsidy is already clearly paying off for society as a whole." Enpal, a Berlin-based renewable energy company, highlighted that the government should enhance the appeal of rooftop solar capacity for small producers to achieve its renewable power generation targets. A company spokesperson stated: 'What is beyond question is that this requires a reliable regulatory framework.' Reiche's proposition comes as demand within the sector is slowing due to rising interest rates, a changing political landscape and economic uncertainty. It also appears contradictory to earlier agreements made between her conservative CDU party and its coalition partners, the Social Democrats (SPD). SPD energy policy spokesperson Nina Scheer stated: "We agreed in the coalition agreement that we want to make private households the actors in their own energy supply. "We now need progress in the expansion of storage and not uncertainty." Germany saw a significant increase in energy consumption during the first half of 2025. Energy usage reached 187.3 million tonnes of coal equivalent - a 2.3% increase from 183.1 million tonnes in the same period of 2024. "Germany's solar industry warns against subsidy cuts for rooftop installations" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
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BizClik Announces Finalists for the 2025 Global FinTech Awards
Finalists include industry leaders such as Paysafe, B4B Payments, and Feedzai, with winners to be revealed at the London ceremony on 7 October 2025 London, UK – 13 August 2025 – BizClik, the global B2B digital media and events company, is proud to announce the finalists for the Global FinTech Awards 2025. The awards ceremony, sponsored by Thredd, will take place on 7 October 2025, immediately following Day 1 of FinTech LIVE London, at 155 Bishopgate. Now in its second year, the Global FinTech Awards have become a cornerstone of the FinTech LIVE portfolio, spotlighting the companies, initiatives, and individuals driving progress and innovation across the financial technology Entries and Esteemed Judges With hundreds of nominations submitted across 18 categories, the competition attracted a diverse range of entries from around the globe. Each submission was assessed by an independent panel of industry leaders, including: Adam Ennamli, Chief Risk Officer, General Bank of Canada Kaushik GD, Head of Financial Services, Snowflake Linoy Kidd, CIO | Markets & Securities Services MENAT, HSBC Louis Thompsett, Editor in Chief, FinTech Magazine Sateesh Kumar C., Head of Digital Transformation Office, Société Générale Rob Branch, Head of Proposition | FinTech Labs, EY Divya Bhardwaj, COO, Uber Payments Priya Bajoria, SVP of Gen AI Offerings, Publicis Sapient The rigorous evaluation process has produced a shortlist that showcases the breadth and diversity of excellence in global fintech. Shortlist Announced The finalists include Feedzai, RapidCents, B4B Payments, e& money, and Paysafe, among others. View the full list of finalists here. Celebrating the Best in FinTech The 2025 categories include new additions such as DeFi Award, Company of the Year, Start-Up Award, Social Impact Award, Partnership Award, and Brand Campaign of the Year. Established categories, such as the Digital Banking Award, Payment Technology Award, Sustainable FinTech Award, AI in FinTech Award, Executive of the Year, and Lifetime Achievement Award, also return. Awards Ceremony Details The winners will be announced at a black-tie gala on 7 October 2025 at 155 Bishopgate, London. The evening will welcome over 300 senior executives for a night of celebration, recognition, and high-level networking. Attendance is by invitation only. Winners will be featured across FinTech Magazine and the wider BizClik network. About the Global FinTech Awards The Global FinTech Awards, presented by FinTech Magazine, a BizClik brand, celebrate excellence, innovation, and leadership in financial technology worldwide. They recognise organisations and individuals shaping the future of finance through creativity, customer impact, operational excellence, and technological innovation. About BizClik BizClik is a global B2B media and events company. It delivers results-driven content, world-class events, and strategic marketing solutions. Its leading platforms, including Fintech Magazine and FinTech LIVE, reach executive audiences across industries, helping businesses drive impact and growth. For more information, visit: Media Contacts Alice PageCommercial Promotions & Communications Director, Beckie JordanEvents Media Director,
Yahoo
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Romano: Galatasaray Push for Éderson as Man City Eye Donnarumma
Galatasaray Target Éderson in Ambitious Goalkeeper Move Galatasaray have taken decisive action in their pursuit of a new number one, making a direct approach to Manchester City for Éderson. As Fabrizio Romano reported on X, 'Galatasaray have made direct approach with Manchester City for Éderson as main target at GK. Donnarumma option never seen as concrete with Galatasaray focused on Éderson deal. Talks ongoing on both club and player side, it could be key for City pursuing Donnarumma.' This is a bold step from the Turkish champions, who see Éderson's composure, distribution and shot-stopping as transformative for their squad. The interest in Gianluigi Donnarumma has cooled, with insiders suggesting it was 'never seen as concrete' in the first place. The potential domino effect here is intriguing. If Galatasaray land Éderson, Manchester City may finally act on long-standing admiration for Donnarumma. The Brazilian's experience in winning multiple Premier League titles and a Champions League could elevate Galatasaray's European ambitions. City's willingness to engage could hinge on both club-to-club negotiations and Éderson's own openness to a move. With talks 'ongoing on both club and player side,' the coming weeks could prove decisive for all parties involved. Photo IMAGO Our View – EPL Index Analysis For Galatasaray fans, this feels like a statement of intent that could redefine their European credentials. The prospect of Éderson in yellow and red is exciting, not just for his proven ability but for the message it sends to rivals. It is rare for a Turkish club to tempt away a first-choice Premier League goalkeeper still in his prime, and this signals ambition that goes beyond domestic dominance. From a Manchester City perspective, this could be a calculated reshuffle. If Éderson's sale funds a move for Donnarumma, Pep Guardiola's side would be refreshing their last line of defence with one of the world's most physically imposing goalkeepers. However, the risk is losing a player who understands the system perfectly and has delivered on the biggest stages. Sceptics will point to the difficulty of convincing Éderson to leave a club competing annually for the Champions League to play in the Süper Lig. Others will argue that a new challenge and a passionate fanbase could be the draw. If this deal happens, it will be one of the most surprising transfers of the summer and could ignite a fascinating chain reaction across Europe's top clubs.
