UK solar industry feels chill
Complaints are purpling the British air after the government announced drastic cuts in formerly cosy subsidies for solar panels.
The Government’s decision to cut subsidies for solar energy to all but the smallest projects will threaten investment and job creation in the alternative energy sector, environmental and industry groups warned yesterday.
The Department of Energy and Climate Change (DECC) said the change to feed-in tariffs would maintain funding for households to put up panels by diverting them from larger projects.
So-called feed-in tariffs provide an operator with a guaranteed price for surplus power sold (or “fed in”) to the national grid. The subsidy is all that makes the expensive solar panel technology profitable. Continue Reading →
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