Table of Contents
Executive Summary
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- The market
- UK solar PV capacity reaches 12.5GW in mid-2017, but deployment has slowed significantly following the government subsidy reset
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- Figure 1: Development of photovoltaic installations in the UK, 2010-16
- Solar PV deployment in the residential sector collapses following FIT cuts in early 2016
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- Figure 2: Residential photovoltaic capacity installed in the UK, 2010-16
- RO supported ground-mounted installed capacity reaches nearly 6GW in mid-2017
- Commercial roof-top sector shows strong growth potential
- Solar PV market to be driven by solar-plus storage systems in post-subsidy world
- First subsidy-free solar farms in pipeline in 2017
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- Figure 3: Forecast new photovoltaic capacity installed in the UK, 2016-20
- Market factors
- Companies
- What we think
Key Insights
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- Which segments of the residential sector offer the strongest growth opportunities for solar PV companies?
- With all government support removed, what are the prospects for large-scale solar farms?
- What’s the outlook for the commercial solar PV sector?
- What can installers do to unleash potential in the commercial sector?
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market Positioning
- Development of the UK solar market
UK Economy
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- Overview
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- Figure 4: Forecast GDP development 2017-21
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- Figure 5: UK GDP quarterly development, 2004-17
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- Figure 6: UK GDP in economic downturns and recoveries since 1979
- Inflation
- Interest rates
- House prices
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- Figure 7: UK House price changes, 2006-17
- Consumer spending
- Manufacturing
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- Figure 8: UK manufacturing, 2014-17
- Business investment
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- Figure 9: UK GFCF 2003-17
- Imports
- Exports
Market Factors
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- Key points
- Government policy
- Renewable energy and climate change policies
- Brexit raises uncertainties for the renewables industry, but the government remains committed to tackling climate change
- Government slashes financial support for solar PV industry as cost of technology falls
- Renewable Energy Obligation (RO) and Contracts for Differences (CFDs
- Only two solar farms with Contacts for Difference (CfD) connected to grid
- Feed-in Tariff
- Solar PV industry hit by further drastic FIT cuts in February 2016
- Government commits to fresh FIT review before end of 2017
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- Figure 10: UK feed in tariff levels, 1 July 2017- 30 September 2017
- PV prices
- EU sets minimum import price (MIP) and volume limit on imports of Chinese solar panels in 2013
- But MIP has increasingly smaller impact
- Tax breaks for solar panels and battery systems
- Government launches battery storage investment strategy
- The UK climate
- Other factors
Market Size and Trends
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- Key points
- The renewable context
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- Figure 11: Analysis of electricity supplied in the UK, by type of fuel used in generation, 2011-16
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- Figure 12: UK renewable penetration of electricity supply, 2012-16
- Figure 13: Renewable electricity generation in the UK, 2011-16
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- Figure 14: UK renewable energy market shares, 2012 and 2016
- The photovoltaic market to 2016
- Introduction
- The market
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- Figure 15: Photovoltaic iInstallations in the UK, 2010-17
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- Figure 16: Development of photovoltaic installations in the UK, 2010-16
- Market segmentation
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- Figure 17: Photovoltaic installations in the UK, by capacity of installation, 2010-17
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- Figure 18: Photovoltaic installations in the UK, by accreditation scheme 2010-17
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- Figure 19: Photovoltaic installed capacity in the UK, by size, as of June 2017
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- Figure 20: Residential dwelling stock in Great Britain, by type, 2010-15
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- Figure 21: Residential photovoltaic installation capacity installed in the UK, 2010-16
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- Figure 22: Number of non-domestic rateable properties in England & Wales, by sector and region, as at 31 March 2016
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- Figure 23: Number of non-domestic rateable properties in England & Wales, by property type, as at 31 March 2015
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- Figure 24: Building mounted photovoltaic installation capacity installed in the UK, 2010-17
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- Figure 25: Building mounted photovoltaic installed capacity in the UK, by size, mid 2017
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- Figure 26: Ground mounted and large scale photovoltaic installation capacity installed in the UK, 2010-16
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- Figure 27: Number of community FIT energy installations, Q2 2013 - Q2 2017
- Seasonal market trends
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- Figure 28: Quarterly photovoltaic installations in Great Britain, by type of installation, Q1 2012-Q2 2017
- Regional development
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- Figure 29: Household penetration of photovoltaic installations in Great Britain, by region, 2014-17
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- Figure 30: Regional distribution of photovoltaic installations in Great Britain, by type and region, cumulative as of Q2 2017
- The European/World context
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- Figure 31: World, EU and UK cumulative photovoltaic installations, 2012-16
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- Figure 32: World development of photovoltaic installations, 2010-16
Electricity Usage
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- Key points
- Introduction
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- Figure 33: UK final energy consumption, by type of fuel, 1970-16
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- Figure 34: UK total energy consumption, by sector, 1970-16
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- Figure 35: UK usage of energy, 2016
- Industrial
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- Figure 36: UK industrial energy consumption, by type of fuel, 1970-16
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- Figure 37: UK industrial energy consumption, by sector, 1990-16
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- Figure 38: UK industrial electricity consumption, by sector, 2000-16
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- Figure 39: UK industrial electricity consumption, by sector, 2016
- Transport
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- Figure 40: UK transport energy consumption, by type of fuel, 1970-16
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- Table 25: UK transport energy consumption, by sector, 1970-16
- Domestic
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- Figure 41: UK domestic energy consumption, by type of fuel, 1970-16
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- Figure 42: UK domestic energy consumption, 1970-16
- Figure 43: UK domestic energy consumption efficiency, 1970-16
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- Figure 44: UK domestic energy consumption, by activity, 1990-16
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- Figure 45: UK household electricity usage on domestic appliances, 1970-16
- Commerce/services
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- Figure 46: UK commercial and services energy consumption, by type of fuel, 1970-16
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- Figure 47: UK public administration energy consumption, by type of fuel, 1970-15
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- Figure 48: UK commercial energy consumption, by type of fuel, 2012-16
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- Figure 49: UK agricultural energy consumption, by type of fuel, 2012-16
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- Figure 50: Detailed service sector energy consumption, by activity and type of use, 2016
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- Figure 51: Detailed service sector electricity consumption, by activity and type of use, 2016
The Consumer - Ownership
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- Key points
- Household penetration of roof-top solar panels remains low
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- Figure 52: Ownership of solar panels on roof of home, May 2017
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- Figure 53: Payment of household’s solar panels and installation, May 2017
The Consumer - Future Intentions
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- Key points
- A third of respondents would consider having solar panels installed if more cost-effective energy storage systems become available
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- Figure 54: Reasons for considering having solar panels installed, May 2017
- Financial incentives remain the key consideration for households when considering having solar panels installed
- A third of people would consider having solar panels installed if more cost-effective energy storage systems become available
- A third of people say they would not consider solar panels as they can’t afford them
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- Figure 55: Reasons for not considering having solar panels installed, May 2017
The Consumer - Attitudes towards Solar Panels
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- Key points
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- Figure 56: Attitudes towards solar panels, May 2017
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 57: Financial analysis of A Shade Greener, 2012-16
British Solar Renewables
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- BSR launches energy storage solutions provider in 2017
- Company review & outlook
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- Figure 58: Financial analysis of British Solar Renewables, 2012-16
Conergy UK
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- Company strategy and outlook
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- Figure 59: Financial analysis of Conergy UK, 2012-15
Evoenergy
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- Company review & strategy
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- Figure 60: Financial analysis of EvoEnergy, 2012-16
Good Energy Group
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- Company strategy
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- Figure 61: Financial analysis of Good Energy Group, 2012-16
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- Figure 62: Turnover analysis of Good Energy Group, by segment, 2012-16
Lightsource Renewable Energy Holdings
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- Organisational restructuring and management buy-out
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- Figure 63: Financial analysis of Elios Renewable Energy, 2012-15
- Company strategy
PV Crystalox
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- PV Crystalox to close UK manufacturing operations in Q3 2017, reflecting adverse market conditions
- Company outlook
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- Figure 64: Financial analysis of PV Crystalox Solar, 2012-16
Voltalia UK (formerly Martifer Solar)
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- Figure 65: Financial analysis of Martifer Solar UK, 2012-15
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Solar Century
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- IKEA teams up with Solarcentury to offer residential solar solutions
- Solarcentury looking for further international expansion as UK market is hit by green cuts
- Company review and outlook
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- Figure 66: Financial analysis of Solar Century Holdings, 2012-16
Forecast
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- Key points
- Overview
- The STA calls for 10GW of solar during current parliament
- Market trends and drivers
- Solar PV market to be driven by solar-plus storage systems in post-subsidy world
- Largely untapped commercial sector to provide strongest growth potential for solar PV deployment
- Utility sector also offers opportunities for solar firms
- Advancements in building-integrated photovoltaics (BIPV) make solar PV more aesthetically pleasing
- The market 2017-2021
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- Figure 67: Forecast photovoltaic installed capacity in the UK, 2017-21
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- Figure 68: Forecast new photovoltaic capacity installed in the UK, 2017-21
Further Sources & Contacts
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- Trade Associations & Regulatory Bodies
- Association of Electricity Producers
- British Photovoltaic Association
- Energy Networks Association
- Energy Industries Council
- Energy Retail Association
- SolarPower Europe (previously European Photovoltaic Industry Association)
- European Solar Thermal Industry Federation
- Micropower Council
- Office of Gas and Electricity Markets (Ofgem)
- Office of Gas and Electricity Markets - Scotland (Ofgem Scotland)
- Renewable Energy Association
- Solar Trade Association
- Trade Exhibitions
- All-Energy Exhibition & Conference Aberdeen
- The Renewables Event
- Solar & Storage Live 2017
- Trade Magazines
- Renewable Energy Focus
- Solar Business Focus
- Solar UK
- Solar International
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