UK renewable energy subsidy changes anger solar industry

#Energy

Energy secretary, Ed Davey, says new subsidy scheme will help underwrite green energy and reduce reliance on imported gas

The government on Thursday outlined plans to provide £300m worth of support subsidies to the renewable power industry this autumn but has angered the solar industry and been accused of not providing value for money.

The budget for a new auction system for green electricity schemes was expected to be a little over £200m but has been raised using cash that was underspent in previous funding rounds.

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