Back in 2009 the UK had only installed 0.3% of that installed in Germany. Within just 4 years the UK is now set to overtake our European neighbours. As a result of fantastic government incentives, the British public and investment groups the UK Solar PV market has truly arrived on the Global scene. The emerging UK market will position us as the fourth largest Solar PV market globally in 2015.
“The emerging UK market will position us as the fourth largest Solar PV market globally in 2015.”
Latest research on the European PV market for 2014, produced by Solarbuzz states the UK is forecast to add a huge 2.875GW of solar PV in 2014. So why is the UK market so poignant?
The small feed-in tariff (FiT) markets remain buoyant, with the residential and sub-50kW commercial rooftop markets successfully navigating FiT degression phases.
1.1GW installed throughout several additional projects completed just ahead of the 31 March 2014 Renewable Obligation certificate (ROC) deadline.
Funding remains strong under 1.4 ROCs (and even 1.3 ROCs for 2015/2016), with a very healthy pipeline of large-scale projects to be completed from Q2 to Q4 2014. There is likely to be a Q4 2014 push to avoid flooding concerns in Q1 2015. The large rooftop market has sprung to life since the start of the year, with a plethora of MW-plus installations already done.
These are great times for the UK market and huge a thank you should be passed to all stakeholders involved.
Craig Jones BSc (Hons) MSc Technical Director
E: firstname.lastname@example.org T: 0845 609 9323