Germany to start subsidies for solar power storage systems in May 2013

SolarServer
The German solar industry welcomes the federal government's announcement that it will support battery systems to accompany solar photovoltaic (PV) generation beginning in May 2013. Germany will subsidize the purchase of new battery storage systems with up to EUR 660 (USD 870) per kWp. In the first year the KfW banking group will provide EUR 25 million (USD 33 million) in funding. (...) The new subsidies also specify that solar energy systems combined with subsidized storage must reduce their output to 60% for the entire payment period. This will allow plant operators to help avoiding production peaks.