MPs probe solar permit hoarding after price spikes

MPs on Thursday demanded an accounting for the bevy of renewables permits issued in the past, after it emerged that about two-thirds of the permits did not materialise into solar parks, with the bearers holding onto them and then selling them at vastly inflated prices.

Parliamentarians were revisiting a report on the Electricity Authority (EAC) issued by the Audit Office. One of the key findings was that roughly two-thirds of capacity from renewables in the private sector is concentrated in the hands of just five companies...