
Sunny outlook for solar energy
Financial Times, Published: April 22 2009
“This was a good day” for solar power, according to Andrew Lee, general manager of Sharp Solar UK, after the chancellor announced £45m for small-scale renewable energy.
Mr Lee had feared the government would leave solar power companies in limbo, because one subsidy system had ended and the new regime will not be introduced until next year.
“This would have been a death year for solar companies,” he said. “Installers [of solar panels] would have had to cut jobs immediately if this Budget had not been positive.”
Sharp employs 580 people and has invested £20m at its Wrexham plant, which used to make video recorders,
Mr Lee is concerned the money is disbursed soon. “The proof of the pudding is not just in nice words on Budget day – they need to get the money out.”
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