Why Enter the UK Solar PV Market

12 Reasons to Join the UK Solar PV Market

 

  • Political framework, with variety of support mechanisms including Feed-in Tariff (FiT) payments for smaller scale solar PV and Renewables Obligation Certificates (ROCs)
  • Growth of solar PV across all segments, including commercial, industrial and ground-mount solar parks, in addition to a robust residential segment
  • Large installed solar PV base, with over 12 GW of cumulative solar PV capacity installed at the end of March 2016 and potential for over 20GW by 2020
  • An established supply chain, which has continued to evolve despite challenging market conditions; installers, developers and project engineering firms form the backbone of the UK solar PV industry
  • Attractive returns on investment: current FiT rates enable returns of about 5%
  • Robust regulatory environment
  • Strong currency
  • Fast-emerging energy storage and EV charging sectors, which are complementary to solar PV
  • Strength in R&D and innovation in several strategic areas including organic/printed photovoltaics and energy storage
  • Enthusiasm amongst the public for solar PV, especially community and residential solar
  • Rising energy prices in the UK, so that in the next few years solar PV will reach grid parity
  • The UK provides attractive conditions for setting up businesses, with access to a flexible and skilled workforce


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