Germany’s highest court has rejected complaints by renewable energy producers against a government decision to use their “excess profits” to help finance a cap on electricity prices.

Germany's constitutional court on Thursday ruled in favour of a government policy that required renewable energy producers to surrender excess revenues to help offset surging electricity costs during the 2022/2023 energy crisis.

Germany’s top court rejected a suit targeting a levy that harvested part of the huge profits renewable-energy producers made after Russia’s full-scale invasion of Ukraine.

Germany's troubled Social Democratic Party (SPD) launched its general election campaign on Saturday, pledging to fight its way back to the top following the collapse of Chancellor Olaf Scholz' three-party coalition government earlier in November.

Three months before elections, Germany's embattled Olaf Scholz kicked off the campaign Saturday by attacking his conservative rival as cold towards the poor but a hothead who would play "Russian

The party of German Chancellor Olaf Scholz has launched its election campaign promising to reverse its flagging fortunes. Scholz accused one of his former coalition allies of sabotage.