Table of Contents
Key Insights
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- How is the UK solar PV industry expected to change if proposed FIT cuts are enforced?
- How do installers need to evolve to survive in a post-FIT environment?
- With cost-efficient energy storage solutions seen as the ‘holy grail’ of the solar PV market, what are the current market and technological developments in that area?
- What is the outlook for the largely untapped commercial roof-top sector?
- Are there any other untapped areas that provide opportunities for solar PV companies?
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market positioning
UK Economy
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- Overview
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- Figure 4: UK GDP quarterly development, 2003-15
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- Figure 5: UK GDP in economic downturns and recoveries since 1979
- Inflation
- Interest rates
- House prices
- Consumer spending
- Manufacturing
- Business investment
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- Figure 6: UK GFCF 2003-15
Market Factors
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- Key points
- Government policy
- Renewable Energy Obligation (RO) and Contracts for Differences (CFDs)
- Feed-in Tariff
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- Figure 7: UK Feed in Tariff Levels, April 2015-December 2015
- Government proposes drastic cuts to FITs from 2016 - potentially proving highly detrimental to solar PV industry
- PV Prices
- The UK climate
- Other factors
Market Size and Trends
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- Key points
- The renewable context
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- Figure 8: Analysis of electricity supplied in the UK, by type of fuel used in generation, 2010-14
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- Figure 9: UK Renewable Penetration of Electricity Supply, 2010-14
- Figure 10: Renewable electricity generation in the UK, 2010-14
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- Figure 11: UK Renewable energy market shares, 2010 and 2014
- The photovoltaic market to 2015
- Introduction
- The market
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- Figure 12: Photovoltaic Installations in Great Britain, 2009-15
- Market segmentation
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- Figure 13: Photovoltaic Installations in Great Britain, by size of installation and scheme, 2010-15
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- Figure 14: Photovoltaic Installation Capacity in Great Britain, by size of installation, 2010-15
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- Figure 15: Photovoltaic Installed Capacity in Great Britain, by size, as of June 2015
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- Figure 16: Residential Dwelling Stock in Great Britain, by type, 2008-13
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- Figure 17: Residential Photovoltaic Installation Capacity Installed in Great Britain, 2010-15
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- Figure 18: Number of non-domestic rateable properties in England & Wales, by sector and region, as at 31 March 2015
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- Figure 19: Number of non-domestic rateable properties in England & Wales, by property type, as at 31 March 2015
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- Figure 20: Number of school and community FIT energy installations, Q2 2013 - Q2 2015
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- Figure 21: Building Mounted Photovoltaic Installation Capacity Installed in Great Britain, 2010-15
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- Figure 22: Building Mounted Photovoltaic Installed Capacity in Great Britain, by size, mid 2015
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- Figure 23: Ground Mounted and Large Scale Photovoltaic Installation Capacity Installed in Great Britain, 2010-15
- Seasonal market trends
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- Figure 24: Quarterly Photovoltaic Installations in Great Britain, By Type of Installation, Q1 2010-Q2 2015
- Regional development
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- Figure 25: Household Penetration of Photovoltaic Installations in Great Britain, By Region, 2014 and 2015,
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- Figure 26: Regional Distribution of Photovoltaic Installations in Great Britain, By Type and Region, cumulative as of Q2 2015
- The European/World context
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- Figure 27: World, EU and UK Cumulative Photovoltaic Installations, 2010-14
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- Figure 28: World Development of Photovoltaic Installations, 2010-14
Electricity Usage
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- Key points
- Introduction
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- Figure 29: UK Final Energy Consumption, by Type of Fuel, 1970-14
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- Figure 30: UK Total Energy Consumption, by Sector, 1970-14
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- Figure 31: UK Usage of Energy, 2014
- Industrial
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- Figure 32: UK Industrial Energy Consumption, by Type of Fuel, 1970-14
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- Figure 33: UK Industrial Energy Consumption, by Sector, 1990-14
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- Figure 34: UK Industrial Electricity Consumption, by Sector, 2000-13
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- Figure 35: UK Industrial Electricity Consumption, by Sector, 2013
- Transport
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- Figure 36: UK Transport Energy Consumption, by Type of Fuel, 1970-14
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- Figure 37: UK Transport Energy Consumption, by Sector, 1970-14
- Domestic
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- Figure 38: UK Domestic Energy Consumption, by Type of Fuel, 1970-14
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- Figure 39: UK Domestic Energy Consumption, 1970-14
- Figure 40: UK Domestic Energy Consumption Efficiency, 1970-14
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- Figure 41: UK Domestic Energy Consumption, by Activity, 1990-13
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- Figure 42: UK Household Electricity Usage on Domestic Appliances, 1970-14
- Commerce/Services
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- Figure 43: UK Commercial and Services Energy Consumption, by Type of Fuel, 1970-14
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- Figure 44: UK Public Administration Energy Consumption, by Type of Fuel, 1970-14
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- Figure 45: UK Commercial Energy Consumption, by Type of Fuel, 2010-14
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- Figure 46: UK Agricultural Energy Consumption, by Type of Fuel, 2010-14
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- Figure 47: UK Miscellaneous Energy Consumption, by Type of Fuel, 2008-13
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- Figure 48: Detailed Service Sector Energy Consumption, by Activity and Type of Use, 2014
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- Figure 49: Detailed Service Sector Electricity Consumption, by Activity and Type of Use, 2013
The Consumer – Ownership and Future Intentions
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- Key points
- Household penetration of roof-top solar panels remains low
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- Figure 50: Ownership of solar panels on roof of home, August 2015
- Vast majority of people who have solar panels on their roofs have paid for them themselves
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- Figure 51: Payment of household’s solar panels and installation, August 2015
- ‘Free solar panels’ are the most popular option for people considering having solar panels installed in the next five years
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- Figure 52: Consideration of solar panels in the next five years, August 2015
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- Figure 53: Reasons for not considering having solar panels installed, August 2015
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- Figure 54: Possible reasons for people changing their mind in favour of having solar panels installed, August 2015
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- Figure 55: Possible reasons for changing mind in favour of having solar panels installed, people who do not trust solar companies, August 2015
The Consumer – Awareness and Attitudes Towards Solar Panels
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- Key points
- Three out of four people would consider buying a house fitted with solar panels
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- Figure 56: Awareness of solar panels and government incentives for solar panel installation, August 2015
- Almost three-quarters of people are aware of the FIT scheme
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- Figure 57: Awareness of government incentives for solar panel installation, August 2015
Company Profiles
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- Key points
- Company profiles
A Shade Greener
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- Company strategy and outlook
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- Figure 58: Financial Analysis of A Shade Greener, 2011-14
Conergy
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- Company strategy and outlook
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- Figure 59: Financial analysis of Conergy UK, 2010-14
Good Energy Group
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- Company strategy
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- Figure 60: Financial analysis of Good Energy Group, 2010-14
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- Figure 61: Turnover analysis of Good Energy Group, by segment, 2012-14
LCX Solar
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- Figure 62: Financial analysis of LCX Solar, 2012-14
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Lightsource Renewable Energy
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- Company strategy and outlook
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- Figure 63: Financial Analysis of Lightsource Renewable Energy, 2012-14
Oskomera Solar Power Solutions
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- Figure 64: Financial Analysis of Oskomera Solar Power Solutions (UK), 2011-13
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PV Crystalox Solar
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- Company review and outlook
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- Figure 65: Financial Analysis of PV Crystalox Solar, 2010-14
Martifer Solar
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- UK market outlook
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- Figure 66: Financial Analysis of Martifer Solar UK, 2012-13
Solar Century
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- Company review and outlook
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- Figure 67: Financial Analysis of Solar Century Holdings, 2010-2014
Forecast
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- Key points
- The market
- Government policy
- Electricity grid restrictions may also hamper further development of large-scale solar PV
- Other factors affecting future potential of solar PV
- Market trends and drivers
- Installers need to become ‘smart contractors’ to drive future business post FIT
- Installers set to diversify into new technologies and markets
- Energy storage seen as “holy grail” of solar PV sector
- A few companies have launched energy storage systems in the UK, including:
- Largely untapped commercial sector to provide strongest growth potential for solar PV deployment
- Solar carports also present strong opportunities for solar PV industry
- The market 2015-2019
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- Figure 68: Forecast Photovoltaic Installed Capacity in Great Britain, 2015-19
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- Figure 69: Forecast new photovoltaic capacity installed in Great Britain, 2014-18
Further Sources & Contacts
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- Trade associations & regulatory bodies
- Trade exhibitions
- Trade magazines
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