Mark Group, the British solar panel insulation company acquired by U.S. solar firm SunEdison in July, has laid off almost 1,000 staff as a direct result of recent proposals by the U.K. government to reduce the feed-in tariff (FIT) by as much as 87% from January 1, 2016 The company called in Deloitte as administrator on Wednesday, shedding 939 jobs immediately with a further 226 at risk unless a buyer can be found. "The ongoing losses of the business meant administration was our only option," said a Mark Group statement. "The turnaround plan, which was already underway, focused on solar PV but the government's recent policy announcements mean this is no longer viable." Yesterday SunEdison confirmed it will be exiting the U.K. solar business, with the company's VP for residential and commercial business unit in Europe Mark Babcock stressing: "Given the latest changes and proposed changes to the FIT, it is difficult to see this as a viable market going forward." SunEdison's ...Den vollständigen Artikel lesen ...