The projects correspond to an investment of over £180 million (US$ 276.1 million). Referring to data published by Bloomberg New Energy Finance, Lightsource says this represents over one third of the 350 MW of new PV capacity connected to the U.K.’s grid in the first quarter of this year.
Nick Boyle, CEO of Lightsource, said, "It is my firm belief that the U.K. has one of the most robust solar markets in the world. These results show we are well on track to achieving the governments target of 22 GW installed solar PV by 2020."
Since Lightsource began delivering photovoltaic projects in 2011, it has developed and commissioned utility scale-solar totaling 250 MWp in the U.K., investing £0.5 billion in the process. It has a robust pipeline of projects, and expects to continue growing also after this strong first quarter.
Lightsource works in partnership with Octopus Investments, one of the U.K.s largest investors in commercial solar.
Matt Setchell, who heads the photovoltaic team at Octopus, said, "The solar and broader renewables market in the UK is growing rapidly and there continues to be a great opportunity to deliver attractive and stable returns to our investors."
Meanwhile, in line with the U.K.’s rapid photovoltaic market growth, Hareon Solar Technologies Co. Ltd, a Chinese Solar module and cell manufacturer and Parabel AG, a German service provider, completed the development of a 6.8 MW ground-mounted photovoltaic project in Cornwall, England.
The photovoltaic park, known as North Beer was electrified in the end of March qualifying for two ROCs under the British quota scheme.
Hareon supplied 28,000 of its photovoltaic modules and the projects bridge financing, while Parabel AG offered the engineering, procurement and construction expertise. Electricity generated by the plant will provide power to more than 2,000 households.
The photovoltaic park is the first of a 30 MW pipeline of projects that Hareon and Parabel have targeted for completion in the U.K. in 2013.