Bulletin

Solar farms will need subsidies until 2028, admit industry chiefs

The Solar Trade Association has admitted that solar farms will be reliant on subsidies for up to another 14 years, despite claiming just last month that it was developing plans "showing how to provide stable policy to deliver subsidy-free solar power at all scales and applications by 2020". The trade body's fresh analysis said it now sees solar farms as being ?subsidy-free between 2025 and 2028?. The difference was attributed in part to the Government recently revising down its estimate of future wholesale electricity prices, meaning solar will remain relatively more expensive for longer. Paul Barwell, the STA chief executive yesterday insisted: "We just need one final push from Government to get solar to being subsidy-free?, but his pleas are likely to be rebuffed as ministers announced earlier this year they would end the current subsidy scheme for large-scale solar farms in April 2015, two years earlier than expected, in order to shift the focus for new solar projects away from the countryside and on to commercial rooftops.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

An experienced early years practitioner in Devon has secured the future of a local nursery by acquiring the business in addition to their…

Where Next?