So­lar panel mar­ket plunged in gloom

Yorkshire Post - Property - - PROPERTY -

FOL­LOW­ING the re­cent Feed in Tar­iff re­duc­tion an­nounce­ment, the UK so­lar in­dus­try has been thrown into dis­ar­ray.

With ques­tions be­ing raised about the le­gal­ity of the con­sul­ta­tion pe­riod and law­suits threat­ened, in­vestors in the UK re­new­able mar­ket have been spooked, say Savills En­ergy.

While the cuts to the gen­er­ous tar­rif were widely pre­dicted, it is the timetable for their im­ple­men­ta­tion that has caused the great­est up­roar. Miles Thomas, head of Savills En­ergy says that many schemes in the fi­nal de­sign stages will fail to meet the pro­posed tar­iff dead­line of De­cem­ber 12, which is be­fore the con­sul­ta­tion dead­line.

Miles says the govern­ment must re-as­sure the mar­ket.

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