German wind sector braces for ‘excess proceeds’ levy

The German wind industry is concerned that Berlin’s plans to implement a levy on “excess proceeds” of renewable energy generators from tomorrow (1 December) will harm investment in the country, and argues some aspects of it might be illegal.

by Craig Richard
The cabinet of German Chancellor Olaf Scholz (right) approved the levy on "excessive profits' last week (pic credit: Florian Gärtner/Getty Images)
The cabinet of German Chancellor Olaf Scholz (right) approved the levy on "excessive profits' last week (pic credit: Florian Gärtner/Getty Images)

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