Industry chief slams UK cut in solar tariffs

The UK’s government’s decision to cut solar Feed-in-Tariffs has been branded an “own goal” by the head of the Confederation of British Industry.

CBI director-general Colin Cridland said in a speech that the change risked derailing the growth of the UK’s low carbon industry and has badly dented investor confidence in the sector.

He said: “Moving the goal posts doesn’t just destroy projects and jobs, it creates a mood of uncertainty that puts off investors and they wonder what’s coming next.

“Some companies have invested heavily in solar photovoltaic systems, and in the supply chains needed to install them. That commitment has been undermined by the Feed-in-Tariff decision, and so industry trust and confidence in the government has evaporated. This bodes poorly for investment in future initiatives.”

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