UK halts its solar momentum
Will Britain's court of appeal uphold government decision to slash solar power subsidies? After a short-lived solar boom for residential solar installations in the UK, the industry has run into trouble with the government slashing subsidies in the wake of the sharply falling silicon prices and poor fiscal conditions prevailing in the country. In October-end last year, UK minister for climate change Greg Barker slashed benefits for the solar power producers. The solar industry has decided to fight against what it calls “unjust” and “overly speedy” cuts. Fearing job losses and collapse of the industry, solar manufacturers took the government to court.
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