U.K. Said to Plan Cuts to Solar Subsidy at Predictable Intervals
BLOOMBERG - The U.K. government will announce as early as next week plans to reduce subsidies for solar energy at routine intervals as part of an effort to curb a boom in installations, a person familiar with the plan said.
The plan will include a mechanism called a deployment trigger that automatically cuts above-market rates paid for power from solar cells once installations reach a predetermined level, said the person, who declined to be identified before the official announcement.
