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Financial Times: UK wind operators hit at plans to end subsidies early

Thousands of jobs could be lost and millions of pounds in investment scrapped as a result of the government’s decision to end subsidies for onshore wind power a year earlier than planned, industry operators have warned. Michael Pollitt, professor of business economics at Cambridge Judge Business School, said the government had acted prematurely: “This is a bad mistake. “The two most promising low carbon generation technologies are onshore wind and solar photovoltaics. It would be crazy not to be exploiting them just as their costs are coming towards grid parity,” he said. “It’s clearly a political decision and presumably plays to core Tory votes in rural constituencies.”

Read the full article [ft.com]