NewEnergyNews: A RUSH FOR SOLAR IN THE UK

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    Friday, May 30, 2014

    A RUSH FOR SOLAR IN THE UK

    More Than 120 Large-Scale Solar PV Farms Approved for Construction in the UK…Investment firms rush to accumulate PV assets based on UK’s growing solar farm capacity

    April 28, 2014 (SolarBuzz)

    “The United Kingdom is forecast to be the largest solar photovoltaic (PV) market in Europe in 2014, fuelled by the rapid growth in ground-mounted solar PV farms. More than 120 large-scale solar PV farms in the UK have recently received project-planning approval, and many of them are targeting completion within the next 12 months…By the end of April 2014, more than 325 solar PV farms in the megawatt (MW) class will have been completed within the UK, with more than 60 different sites having an installed capacity in excess of 10 MW...

    “…An additional 444 large-scale ground-mounted solar PV farms are currently at various stages of planning in the UK, with 124 having planning applications approved and seeking to be installed before the level of support under the Renewable Obligation scheme is reduced in April 2015…[A] thriving secondary market has developed for completed solar PV farms. Based on recent acquisitions of completed solar farms, the UK’s existing solar farm portfolio is valued at approximately £2.5 billion ($4.2 billion)…” click here for more

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