GB-Sol view of Government reduction in Feed-in-tariffs for PV.

The managing director of GB-Sol Ltd., Bruce Cross, said 'It is unfortunate that the UK government has undermined investor confidence by reducing its support for PV in the week that another carbon reduction technology, Nuclear, has become a much harder sell to the public. However, ' he added ' GB-Sol is strengthened in its market position as a supplier of installer kits for the domestic and small commercial market, and should only grow faster because of this change in emphasis'.

Commentary 

The government has reduced the tariff for all systems over 50kW to levels that will mean no significant numbers of systems will be installed. This changes entirely the UK PV market, and also means that the industry and those who might invest in it, are  less likely to trust the promises of the government in future. The primary requirement for a high growth industry to meet our future needs for low carbon energy is a stable market, how can this be achieved now?

New Rates

50kW - 150kW: 19p

150kW - 250kW: 15p

250kW - 5MW: 8.5p

(Note: old rates were 31.4p to 100kW and 29.3p from 100kW to 5MW)