Subsidy cuts in solar industry lead to job cuts
12th June 2016 | Commercial Energy
The British Government cuts to subsidies to the solar power industry in Summer 2015, has led to more than half its 35,000 jobs, just at a time when the industry was producing more electricity than the coal. Experts say that the cuts came too far and too fast, just when solar was enjoying record-breaking growth.
Jonathan Selwyn, chairman of the Solar Trade Association (STA), said the cuts have hit companies hard and many are trying to change their business models or concentrate on overseas markets. He also pointed out that while slashing away at a new industry, the Government expresses concern for other struggling sectors such as steel-making.
The Department of Energy and Climate Change said they have reduced support for the sector as the costs of solar has steadily declined over the past decade and so should be consumer-funded.
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