Ricardo Piñeiro, director and head of UK solar at Foresight Group LLP, discusses why investors' loss of confidence in the solar sector due to recent government announcements is premature.
Recent announcements from the government are leading investors to believe the UK renewables industry is entering a dark period of transition, as proposed policy changes have introduced uncertainty into a sector traditionally associated with attractive and predictable returns for investors. Planned reforms include: most notably a consultation on an early end to solar subsidies under the Renewables Obligation (RO) regime for sub 5MW solar farms; a consultation on cutting solar feed-in tariffs; postponing the latest contracts for difference auction; and, from a tax perspective, the removal ...
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