As the Western EU PV markets begin to level off, the UK has emerged as one of the strongest and most stable growth opportunities for solar deployment in 2012 and 2013.
The UK Department of Energy has now re-set the Feed in Tariffs and will be taking a hands off approach for the next three years. In the domestic and commercial segments returns for end users are attractive at 8-11%. Under the Renewable Obligation, the stable government mechanism designed to encourage wind deployment since 2002, large-scale PV solar farms up to and over 5MW are now being built again in the UK. The current mechanism is guaranteed for all projects completed before April 2013 and industry experts expect between 600MW and 1GW in this segment. Combined FiT and ROC markets should see a market over the next 12 months between 1.2 and 2GW in size.
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