The UK’s Solar Trade Association (STA) says that a “significant solar pipeline” is expected to start development thanks to falling equipment costs. The organization’s latest analysis shows that large-scale solar photovoltaics will deploy in 2019 at a Levelised Cost of Electricity (LCOE) of £50-60/MWh. The anticipated LCOE is below the level of £80/MWh forecasted by the STA in 2014, and also makes large-scale solar competitive highly competitive with CCGT and onshore wind, and attractive for commercial and industrial consumers under long-term Power Purchase Agreements. The fall in LCOE is largely attributable to the removal of import tariffs imposed on Chinese solar modules by the European Commission, as well as a global module surplus. Several developers have unveiled new large-scale solar projects in the UK, while others are examining the feasibility of older projects that were permitted but never built. Large-scale solar has been excluded from clean energy auctions in the UK since 2015, and the Renewables Obligation was closed in March 2017. The absence of subsidies for solar energy meant developers were unable to bring projects to market, but the outlook has improved, STA says.
Modern Power Systems 22nd Dec 2018 read more »