{"id":320436,"date":"2011-03-18T16:54:43","date_gmt":"2011-03-18T16:54:43","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/18\/uk-solar-panel-subsidies-slashed\/"},"modified":"2011-03-18T16:54:43","modified_gmt":"2011-03-18T16:54:43","slug":"uk-solar-panel-subsidies-slashed","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/18\/uk-solar-panel-subsidies-slashed\/","title":{"rendered":"UK solar panel subsidies slashed"},"content":{"rendered":"

\n \t\t
\n 18 March 2011<\/span>
\nLast updated at <\/span>12:54 ET<\/span>
\n<\/span><\/p>\n

The UK government has proposed cuts of up to 70% to the feed in tariff for large scale solar energy production. <\/p>\n

The proposal would be implemented on the 1 August, reducing payments to farmers or owners of large commercial buildings.<\/p>\n

The industry has reacted with anger to the proposal.<\/p>\n

And investors have warned that cutting the scheme just a year after it was created will deter further investment in renewable energy.<\/p>\n

“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.<\/p>\n

‘Absolute disaster’<\/span><\/p>\n

According to the government’s proposal, , which is subject to consultation, payments for any solar installation over about 50kW would be reduced.<\/p>\n

The full reduction would apply to installations from 250kw to 5MW – the standard size for a farm based scheme. <\/p>\n

“It’s an absolute disaster,” said Ray Noble, solar specialist at the Renewable Energy Association.<\/p>\n

\n\tContinue reading the main story<\/a>\t<\/p>\n

\u201cStart Quote<\/span><\/h2>\n
\n

No new projects will start after this comes into effect\u201d<\/p>\n<\/blockquote>\n

End Quote<\/span>
\n\tRay Noble<\/span>
\n\tRenewable Energy Association<\/span><\/p><\/div>\n

“No new projects will start after this comes into effect.”<\/p>\n

The tariff had not been due to be reviewed until 2013. <\/p>\n

‘Fast-falling costs’<\/span><\/p>\n

The new scheme is designed to preserve funds, which come from consumer bills, for schemes on domestic roofs. <\/p>\n

These tend to be more expensive and generally need greater subsidies. <\/p>\n

Climate change minister Greg Baker said the new tariff will be on a par with subsidies paid for large scale offshore wind. <\/p>\n

“I want to make sure that we capture the benefits of fast-falling costs in solar technology to allow even more homes to benefit, rather than see that money go in bumper profits to a small number of big investors,” he said.<\/p>\n

The emphasis on small scale installations is likely to reduce the total amount of energy generated from the scheme whilst encouraging public engagement in renewable energy. <\/p>\n<\/p><\/div>\n<\/p>\n

More here:
\nUK solar panel subsidies slashed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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