90,000 jobs axed by FITs cuts claims solar developer
Around 90,000 jobs will now not be created in the green economy, the UK's biggest solar developer said today (April 11).
Due to the changes to the Feed-In Tarriffs (FITs) announced by climate minister Greg Barker last month.
Under the feed-in-tariff scheme individuals or developers, who generate power from renewables, are paid by their energy supplier based on what they generate to off-set installation costs.
"A buoyant solar power sector would have stimulated at least 90,000 jobs by the time Government spending cuts really start to bite later this year if FITs had remained where they were," said mO3 Power chief executive, Ken Moss.
"Industry specialists cite Germany as an example where feed-in-tariffs have been successfully employed to build the most developed renewable power industry in the world and create 340,000 new jobs.
"mO3 Power had plans to generate one Gigawatt of renewable power from solar parks on brown field sites in the UK.
"We were prepared to invest £2.3 billion and would have created 20,000 new jobs ourselves."