Cuts to the amount of subsidy for technology has halted the market for large solar panel projects
The market for large solar panel projects has come to a 鈥渟creeching halt鈥� after the government slashed the amount of subsidy for the technology, according to property agent Jones Lang LaSalle.
On 18 March a review of the feed-in tariff subsidy proposed cutting the amount of subsidy to arrays over 50kW - around the size of two tennis courts - by between 40% and 70%.
JLL said that commercial developers such as shopping centres and business parks are now 鈥減utting their projects on hold and will ultimately terminate them if the proposed scheme is accepted.鈥�
The government justified the move by saying that huge fields of solar panels were diverting money from smaller, domestic PV that the tariffs were aimed at.
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