UK PV market expected to grow five-fold

Share

The UK’s solar PV market could grow five-fold in 2010 as a result of the country’s new feed-in-tariffs, said the PWC. The report also estimated that by 2015, the country’s solar PV energy capacity could have grown over 30 times to reach 1,000 megawatts (MW). However, it continued, even with this growth, the UK’s capacity in 2020 would only reach the levels already achieved by Germany today.

The analysis found that the widespread roll out of solar PV has been slowed by a number of factors including a lack of incentives for small-scale domestic installations, complexity of funding, and planning restrictions. The majority of existing UK installations are small domestic panel, similar to France and Germany.??

Moreover, it said that feed-in-tariffs in continental Europe have driven rapid increases in solar PV installations, with annual increases in excess of 300 percent in many countries during the first year of the tariffs’ availability. The coalition government recently announced plans to implement a full program of feed-in tariff systems for electricity in the UK.

Daniel Guttmann, renewables director for PricewaterhouseCoopers LLP commented: "The significant expansion that may be just around the corner will change today’s ‘cottage industry’ into a much more professionally organized sector. The PV market will become more sophisticated with more complex products and a greater focus on accountability for system performance.??"

He continued: "The industry will need to adapt and develop quickly to ensure that as much of the opportunity in terms of job and value creation is captured within the UK. Companies that have been successful so far have benefited from investment in order to fund expansion. Further investment will be required in order to train for and fund the rapid expansion expected. New entrants are likely to expand into the UK in coming years. We believe that this will be true across much of the value chain, but particularly downstream around installations."

The PwC study, ‘On the brink of a bright future? Insights on the UK solar photovoltaic market’ also found:

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.