Could Government re-think on commercial tariffs really jeopardise Cornwall's £1 Billion investment?

Business Cornwall reported last week on how the Cornish Council has officially expressed its concern over proposed cuts by the Government to solar feed-in tariffs for large scale schemes.

The Council took the opportunity to highlight the many positive effects on the local economy, not to mention the reductions in carbon, that such large scale plants could bring.

In total, Cornwall Council reckons it could loose out by over £1 billion in technology investment as a result of the tariff reductions for schemes over 50Kw.

Read the full report on Business Cornwall by clicking here.

photo credit: benjamin v steen

Investment funds shelve solar plans

Spotted over at Business Green was this article about more investment funds shelving solar plans following the recently announced emergency feed-in tariff review, which it's believed, is aimed principally at larger solar farm type plans as opposed to homeowners own personal solar panel installations.

Whilst the article goes on to list those companies and the reasons why they're pushing the pause button on gathering investment, what I found most interesting was the figures relating to current feed-in tariff usage.

Apparently, of the £30 to £51 million budgeted for by the Government in the feed-in tariff's first year, during the first 9 months of operation, just £6.3 million has been paid to households and businesses that have installed qualifying renewables technology.

photo credit: annie roi