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Germany aims to cut solar power subsidies
Energy

Germany aims to cut solar power subsidies

The German government wants to slash its support to the solar energy industry to prevent the market from overheating, a member of Chancellor Angela Merkel's Christian Democrats (CDU) said on Tuesday.
Siemens snaps up solar energy firm
Energy

Siemens snaps up solar energy firm

German conglomerate Siemens on Thursday announced the purchase of Solel Solar Systems, a maker of panels used in power plants harnessing the sun's rays to generate electricity.