Monday, April 11, 2011

Prospects look bleak for UK solar power industry


There’s a dreadful sense of inevitability about the chaos surrounding the current status of the feed-in-tariff (FIT) for solar power. Two weeks ago, ministers in DECC announced that they would be reviewing all schemes of 50 kW and upwards – presumably with a view to changing the thresholds or restricting the tariff payments.

In short order, anyone with an interest in PV-based enterprises above 50kW curled up in a foetal ball and started screaming. Investors with an interest in specific PV projects launched into tirades of the foulest invective, confining all pig-ignorant, poxy politicians to outer hell. Community groups emailed in a bemused way about what had happened, before clustering in the pub to drink themselves into a near-suicidal stupor.

See full Article.