The UK government yesterday announced a UK£20m (euros 32m) fund to support photovoltaic solar power over the next three years, aimed at cutting the cost of solar panels and increasing the rate of installation ten-fold. Installation grants are to be put on offer to both the private and public sector.
The move was widely welcomed by stakeholders as a first significant downpayment since prime minister Tony Blair promised UK£100m of new spending on renewable energies in a speech last year (EED 06/03/01). "This represents a massive boost to solar power in the UK," said the Energy savings trust, the body that will lead the grants programme.
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