Monday, April 30, 2012

UK solar panel subsidies slashed

BBC News Business 
View Original Article HERE


The UK government has proposed cuts of up to 70% to the feed in tariff for large scale solar energy production.


The proposal would be implemented on the 1 August, reducing payments to farmers or owners of large commercial buildings.
The industry has reacted with anger to the proposal.
And investors have warned that cutting the scheme just a year after it was created will deter further investment in renewable energy.
"The whole investor market was totally disengaged as a result of the feed in tariff being ripped up," said Ben Warren, partner with Ernst and Young, a consultancy.  MORE......................

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