The law, which was pushed through under the previous German government, required that all new heating systems be powered by at least 65 percent renewable electricity.
When the law is repealed, it will once again be possible for German property owners to install oil- and gas-fired heating systems. The German government's coalition parties have agreed to draft a new law expected to be in place as early as July.
Germany is an important market for the Markaryd-based heat pump manufacturer. According to research firm DNB Carnegie, Germany accounts for around 15 percent of sales within the Nibe Climate Solutions segment, Dagens Industri writes.
