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 When the law is repealed, it will once again be possible for German property owners to install oil- and gas-powered heating systems.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