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FIT reductions mean consolidation, not closure, for the solar industry

Plans for further dramatic reductions in the level of feed-in tariffs for solar installations have been another shockwave for the industry. But FITs are not the only term in the industry’s financial equation, as Janet Wood found out

Great Britain now has about 8GW of photovoltaics (PV) on the system. That is an approximate figure because it is still rising fast – National Grid’s Winter Outlook assumes it will continue to rise by 90MW per month. It will face a check when government plans for dramatic cuts in the level of financial support kick in – the extent of those cuts was still under discussion in late October.
How important are those cuts? Speakers at the annual Solar Energy UK meeting expected that there would be business closures and redundancies in the short term – but they also expected recovery.

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