Dave Liquorice wrote:

Tim wrote:

A college plans to spend £300,000 on a solar array generating 1076 KW
expecting to save £150,000 a year on electricity bills.

Assuming they mean 1076kWh per day at 15p/unit that's £59,000. If
it's at the FIT rate of 43p/unit you get £168,878.20... But as this
won't be finished until late 2012 they won't be on the 43p FIT

They'd never have got onto the 43p tarrif with a development of such a
scale, we still don't know the scale of it, but with the new rates
they'll probably be on the 12.9 or 8.5p rates.

http://www.decc.gov.uk/en/content/cms/meeting_energy/renewable_ener/feedin_tariff/fits_review/fits_review.aspx

Can this possibly work or has someone got their sums very wrong?

I'll bet the bursar had a squeaky bum one dy last month!

I think something has been lost in the translation in PR offices and
journalists.

COuldn't see any press release on their website.