London's mayor appears to have stuck the boot into those campaigning for the pushing of solar installations in the capital, saying there's no need for a local feed-in tariff to encourage solar power in London as the returns on investment are good enough already.
In a response to a question asked by London Assembly member Murad Qureshi, Johnson said: "I am of the view that we need a sustainable transition to subsidy-free solar PV. It appears that the changes to the FIT, whilst significant, should still ensure a solid return on investment of householders," adding that the current expected rate of return for unsubsidised solar sits at around five per cent -- a markup he thinks is enough incentive for people to stick their money in.
"This is still higher than most savings accounts, so I do not believe a London FIT is necessary to help the market make the transition to operating without subsidy given this rate of return," the mayor added, ending the sustainable energy free-money avalanche hopes of those lucky enough to own any sort of rooftop space in London. [Solar Portal]