The Solar Power industry warns of drastic consequences following the slashing of Feed in Tariff rates by the department of energy and climate change

Well, it’s now official. The worst-kept political secret for ages has finally been confirmed. The department of energy and climate change has announced swinging cuts to the Feed in Tariffs rates. solar power subsides will be cut by half, the government confirmed yesterday. Climate change minister Greg Barker, launching a consultation on feed-in tariff rates for solar photovoltaic panels, said he wanted to avoid the industry falling victim to “boom and bust”. (more…)