Germany plans huge windfall tax on green energy producers – Bloomberg ...News

The additional revenue will finance subsidies for households and businesses to pay gas and power bills The German authorities are set to introduce a windfall tax of 90% for some clean power generators in an effort to fund a previously approved consumer aid package, according to a draft law seen by Bloomberg.  Under the proposed legislation, which is scheduled to be voted on in the upper house of the country's parliament on December 16, the government will skim earnings above €130 per megawatt-hour for solar, wind and nuclear.  The tax will reportedly be applied to power producers based on the fuel they use, with l

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