U.K. Signals Solar Subsidy Cut to Curb ‘Unacceptable Returns’
Speaking to reporters at a conference in Birmingham, Barker said the Department for Energy and Climate Change would announce in the next few days its plans for adjusting the so-called feed- in tariff granting above market prices for solar energy.
He said the U.K. has experienced a “dramatic escalation” in installations of photovoltaic power plants and that the government budget needed to be protected from the amount of support it grants the industry.
“We need a credible path for a sustainable industry,” Barker said. He didn’t give details about the new rates that will be announced.
To contact the reporter on this story: Marc Roca in London at email@example.com
To contact the editor responsible for this story: Reed Landberg at firstname.lastname@example.org