SUN SHINES IN THE U.K.
Britain Is Solar-Energy Hot Spot; Subsidies, Public Support and Creative Finance Benefit Solar
Cassie Werber, August 3, 2014 (Wall Street Journal)
“…Britain, a land of cloudy skies and reliable rain, is fast becoming the hottest spot in Europe for many investors in solar energy. Germany is overcrowded with panels. A sudden end to subsidies killed Spanish solar. A sluggish economy is dragging on Italy. But the U.K. has benefited from a combination of stable subsidies since 2011, public support for solar, amenable planning authorities and creative finance…In 2010, there were under 100 megawatts of solar capacity in the U.K…Now, there is between 3.2 and 4 gigawatts…[in 2014,] the U.K. will overtake Germany as Europe's largest installer of solar panels, putting in 6% of the world's new solar…[S]everal big institutional investors [are] looking at solar investments to offset anemic yields on government bonds…Several developers have also issued "solar bonds" to fund building…Exchange-listed funds that offer exposure to solar have also sprung up…And engineering firms that install solar panels are flocking here…” click here for more