Thursday, June 09, 2011

Drastic cuts for large-scale solar power subsidies


Feed-in tariff review confirms expectations of renewables industry as funding to large-scale installations is restricted

Subsidies for large-scale solar power installations are to be cut drastically, in a move that ministers said would preserve funds for households to put up panels, but industry warned would mean a slower uptake of renewable power.

The government said its long-awaited review of feed-in tariffs for renewable energy would divert funds from field-sized solar power plants to panels on house roofs.

See full Article.