Monday, January 09, 2012

France goes full tard.

French government to rescue struggling Photowatt.

"The French government is set to offer Photowatt France an 11th-hour reprieve by investing in the ailing panel manufacturer.

Two months ago Photowatt, a subsidiary of Canada’s ATS Automation Tooling Systems, was on the verge of filing for bankruptcy after falling demand and increased competition led to escalating losses. However, in an RMC Radio interview on Tuesday, Environment Minister Nathalie Kosciusko-Morizet said the government was ready to step in and rescue the country’s leading PV manufacturer."

PV installations plummet by 97 percent post FiT cut.

"The Department for Energy and Climate Change has revealed that from December 12-18, a measly 812 systems were installed. The figure is down by 97 percent from last week’s incredible installation figures that saw 125.93MW of capacity installed, as installers rushed to beat the December 12 deadline.

The effect of Government’s decision to half the subsidy afforded to sub 4kW systems has lead to just 803 systems being installed the week after the cuts were imposed. The installs make up a total capacity of 2.12MW, down from a staggering 80MW the week before, an eye-watering 98 percent drop."

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