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Third solar firm goes bust following FiT cuts

A third solar installation firm has gone into administration in the space of a week following government proposals to cut renewable energy subsidies.

According to Construction News, Southern Solar, which operated from sites in Wales and the South of England, has been wound down by administrators from Begbies Traynor, with all 21 staff made redundant.

Administrator Jon Beard cited the proposal to slash feed-in tariffs by up to 87 per cent as the driver behind the firm’s collapse.

He said: “It is without doubt that the removal of the feed-in tariff subsidy has had a significant impact on the business of the company.

“Prior to the administration we had been seeking a buyer for the business in the hope that its future could be secured.

“However, this proved unsuccessful and we have been left with no option but to wind the company down.”

Southern Solar was formed in 2002 by Howard Johns, a former chairman of the Solar Trade Association and one of the biggest names in the sector.

The company’s demise follows last week’s news that Mark Group and Climate Energy had both been forced into administration, with more than 1,200 jobs at risk.

Industry experts warned that 20,000 jobs could be lost after the government launched its consultation on FiT cuts in August.

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