New research has shown that the current financing for large scale solar PV schemes in the UK is no longer economically viable. Quarterly deployment of solar power is at its lowest for six years and the Solar Trade Association (STA) has called for “modest government intervention is needed to enable large-scale solar to access the UK market again”. The dropped deployment and difficulty financing projects comes after cuts to support for large-scale solar including the closure of the Renewables Obligation (RO) in April last year. A detailed new analysis from the STA argues that since most support for large-scale solar has been removed in the last year, a new auction round is needed for the cheapest renewables to compete on a level playing field for Contracts for Difference (CfD).
Edie 4th Nov 2016 read more »