Germany Pulls Plug On Wind Energy As Industry Suffers ‘Severe Crisis’

Once lavished with huge incentives, the German wind industry is being hit hard after the government recently ended the huge subsidies that were once aimed at expanding the installation of wind energy capacity.

Power grid operators had been struggling to keep the grid stable due to erratic feed-in and the subsidized feed-in of wind energy caused German electricity prices to become among the most expensive worldwide.