Southern Solar to go into liquidation

Written by companyrescuelondonadmin 3 April 2017

It is the third solar energy company this month to close down due to the government’s change in green energy policies. 

The founder of Southern Solar and former chairman of the Solar Trade Association (STA), Howard Johns, is expected to make a statement today confirming his company is going into liquidation – a direct result of the energy subsidy cuts made by the government earlier this year. 

Southern Solar designs and installs solar panels for schools, businesses and local councils. The company has already had to make redundancies in the last year, however now the business looks set to close. 

Industry officials and the STA are becoming increasingly worried about the sector’s future and are urging the government to bring back financial support. The STA has stated 27,000 workers are at risk of losing their jobs if nothing changes soon.

The Department of Energy & Climate Change has reported the subsidy cuts to be fair as household bills are increasing due to the costs of green energy. It stressed that little aid is needed when supply costs in the industry are falling.

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Categories: Liquidation, Creditors Voluntary Liquidation CVL