31 Oct '11, 1pm

Feed-in tariff fiasco forces solar firms to start laying off staff this week via @businessgreen

Solar photovoltaic installers will stop taking new orders this week and start laying off employees, after the government launched a consultation this morning that could see deep cuts to feed-in tariff incentives for any project registered after 12 December. Solar power companies and green groups have united in warning that companies "will go bust" after the Department of Energy and Climate Change (DECC) launched a fast track consultation that would slash solar incentives by over 50 per cent, cutting the feed-in tariffs available to domestic and small scale business installations from 43p per kWh to just 21p per kWh. FURTHER READING Feed-in tariff cuts threaten to 'kill interest in solar PV' Solar industry to march on Downing Street to save solar incentives BusinessGreen has learned of at least one firm that is now expecting to begin redundancy proceedings this week, as it ...

Full article: http://www.businessgreen.com/bg/news/2121262/feed-tariff-...

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