5. Material events subsequent to the end of the interim period
The EEG amendment approved by the Bundestag (First Chamber) at the beginning of May was stopped at short notice by some Eastern German federal states, which demanded a more moderate reduction than the proposed eleven to 16 percent respectively (depending on type of plant). The Mediation Committee that was convened as a result confirmed the amounts of reductions but staggered them over time. The amendment came into force backdated to 1 July. It means that feed-in compensation for roof top plants will be cut by 13 percent, for free-field plants by twelve percent and for so-called conversion areas by eight percent. With effect from 1 October all feed-in tariffs are to be reduced by another three percent. For plants built on arable land funding has no longer been available since 1 July. In addition, the feed-in compensation will be further reduced by at least another nine percent with effect from 1 January 2011. The precise amount of the reduction depends on the growth of the German solar market. Should the market exceed the pre-determined thresholds of 3,500 MW, 4,500 MW, 5,500 MW and 6,500 MW respectively the compensation will be cut by an additional percentage point.
Apart from that, after June 30, 2010 there were no events of particular importance.
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