UK added 545 MW of solar last year to hit 13.9 GW. The news comes on the day a private equity investor in the English North East announced plans to jointly develop a 1.4 GWp solar portfolio with Canadian Solar. With the rebranded trade body for U.K. solar today revealing the country added 545 MW of generation capacity last year, there were fresh announcements of plans for a further 1.6 GWp of project capacity in the former EU member state. The biggest statement of intent this morning was made by Newcastle-based private equity group Windel Capital, which said it had signed a deal with Sino-Canadian manufacturer Canadian Solar to “co-develop” a 1.4 GWp solar portfolio in the U.K., with the first sites to be ready to install in the second half of the year.
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Solar cheapest form of new power in major markets as new tech drives costs lower, states WoodMac.
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