UK plans to cut solar power subsidies by up to 55%

According to Bloomberg's report on October 31, Beijing, the United Kingdom plans to cut the subsidies for solar power generation, and the maximum reduction will reach 55%, partly because it hopes to curb the cost of electricity and reflect the decline in the cost of procurement of PV modules.

The British Department of Energy and Climate Change said in an e-mail on Monday that it plans to reduce the electricity price subsidies for newly built solar power stations after December 12 this year by at least 51.5%. The new subsidy program is expected to take effect in April next year. Solar power plants that have already been built and started construction before December 12th still enjoy the current electricity price subsidy, with a subsidy cycle of 25 years.

The British Energy Minister Greg Barker stated in the above-mentioned e-mail: “It is necessary to take urgent action to return the solar industry to a more stable, clear and sustainable path to avoid over-prosperity and severe depression while protecting existing ones. Electricity price subsidy program. The sharp drop in the cost of solar energy has given me no choice but to do so. We will stay within the budget and will not threaten the overall viability of the subsidy program."

The United Kingdom is another country following France, Germany and Italy that announced the reduction of subsidies for solar power generation, which can limit consumers' electricity costs. Since the implementation of the solar power price subsidy in April 2010, the United Kingdom has built more than 100,000 photovoltaic systems, with a total installed capacity of more than 400 MW. According to the data from the British Energy and Climate Change Department, the average price of bulk purchases of PV modules in the UK has dropped by at least 30% since then.

The British Department of Energy and Climate Change issued a consultation paper on cutting solar subsidies and invited industry insiders to comment on this before December 23 this year.

This consultation paper proposes to reduce subsidies for civilian solar projects below 4 kilowatts by 51.5% to 21 pence/kWh; for projects of 4 to 10 kilowatts, subsidies will be reduced by 53% to 16.8 pence/kWh. In solar power plants with a capacity between 10 kW and 50 kW, the subsidies will be cut by 55% to 15.2 pence/kWh; the reduction in the subsidies for larger solar power plants will not be so big because their electricity subsidies will be paid in May this year. Has been cut once.

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