A UK solar company has signed a £50million supply deal with one of the world’s largest solar cells producer in China.
A Shade Greener (ASG), which provides free solar panels for UK homes under the Government’s Feed-in Tariff (FiT) scheme, will be supplied with 47MW solar panels starting this month by JA Solar Holdings.
The FiT initiative encourages homeowners and businesses to invest in solar energy and pays them for generating electricity and feeding it to the grid.
The Government announced a cut in solar FiT rates from 43.3p/kWh to 21p/kWh last October and further reduced it to 16p starting this month.
Stewart Davies, Chairman of the company said: “Despite the uncertainty that shrouded the renewables industry after the drastic cuts in the FiTs last October and which resulted in virtually every other company withdrawing the supply of free solar, we continued. We’ve now installed over 11,000 free systems and there is no reason why we can’t double that.”
ASG claims its installations in the country so far have saved homeowners around £4.5million off their electricity bill.