Friday, 24 June 2011

Green energy deal gets around solar FiT cuts

A solar energy firm has found a way to get around the Feed-in Tariff (FiT) cuts for large solar installations by signing a deal with a Scottish cooperative that will potentially supply green energy to its 850 rural businesses.

The initial £2 million deal will see ISIS Solar provide one megawatt’s (MW) worth of solar photovoltaic (PV) arrays to Borders Machinery Ring (BMR) members. Because the majority of the installations will be under 50 kilowatt (kW) in size, the deal will be unaffected by the recent FiT cuts announced by the Government on solar projects between 50 kW and 1 MW in size.

How the deal will workISIS Solar has structured the deal so that members of BMR, which represents some of Britain’s biggest landowners, will either be able to buy the solar systems outright or receive the energy free in return for providing land on which the solar arrays will be installed.

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