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Solar Panels - UK - October 2015

EXECUTIVE SUMMARY
The market
Large-scale ground mounted solar PV installations drive recent market growth
Figure 1: Development of Photovoltaic Installations in Great Britain, 2010-2014
Residential solar PV up-take driven by FIT scheme
Figure 2: Residential Photovoltaic Capacity Installed in Great Britain, 2010-15
Commercial roof-top sector shows strong growth potential
Industry needs to prepare for future without government financial support
Figure 3: Forecast new photovoltaic capacity installed in Great Britain, 2014-18
Market factors
The consumer
Companies
What we think
KEY INSIGHTS
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
Definitions
Methodology
Abbreviations
Market positioning
UK ECONOMY
Overview
Figure 4: UK GDP quarterly development, 2003-15
Figure 5: UK GDP in economic downturns and recoveries since 1979
Inflation
Interest rates
House prices
Consumer spending
Manufacturing
Business investment
Figure 6: UK GFCF 2003-15
MARKET FACTORS
Key points
Government policy
Renewable Energy Obligation (RO) and Contracts for Differences (CFDs)
Feed-in Tariff
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
Key points
The renewable context
Figure 8: Analysis of electricity supplied in the UK, by type of fuel used in generation,  2010-14
Figure 9: UK Renewable Penetration of Electricity Supply, 2010-14
Figure 10: Renewable electricity generation in the UK,  2010-14
Figure 11: UK Renewable energy market shares, 2010 and 2014
The photovoltaic market to 2015
Introduction
The market
Figure 12: Photovoltaic Installations in Great Britain, 2009-15
Market segmentation
Figure 13: Photovoltaic Installations in Great Britain, by size of installation and scheme, 2010-15
Figure 14: Photovoltaic Installation Capacity in Great Britain, by size of installation, 2010-15
Figure 15: Photovoltaic Installed Capacity in Great Britain, by size, as of June 2015
Figure 16: Residential Dwelling Stock in Great Britain, by type, 2008-13
Figure 17: Residential Photovoltaic Installation Capacity Installed in Great Britain, 2010-15
Figure 18: Number of non-domestic rateable properties in England & Wales, by sector and region, as at 31 March 2015
Figure 19: Number of non-domestic rateable properties in England & Wales, by property type, as at 31 March 2015
Figure 20: Number of school and community FIT energy installations, Q2 2013 - Q2 2015
Figure 21: Building Mounted Photovoltaic Installation Capacity Installed in Great Britain, 2010-15
Figure 22: Building Mounted Photovoltaic Installed Capacity  in Great Britain, by size, mid 2015
Figure 23: Ground Mounted and Large Scale Photovoltaic Installation Capacity Installed in Great Britain, 2010-15
Seasonal market trends
Figure 24: Quarterly Photovoltaic Installations in Great Britain, By Type of Installation, Q1 2010-Q2 2015
Regional development
Figure 25: Household Penetration of Photovoltaic Installations in Great Britain, By Region, 2014 and 2015,
Figure 26: Regional Distribution of Photovoltaic Installations in Great Britain, By Type and Region, cumulative as of Q2 2015
The European/World context
Figure 27: World, EU and UK Cumulative Photovoltaic Installations, 2010-14
Figure 28: World Development of Photovoltaic Installations, 2010-14
ELECTRICITY USAGE
Key points
Introduction
Figure 29: UK Final Energy Consumption, by Type of Fuel, 1970-14
Figure 30: UK Total Energy Consumption, by Sector, 1970-14
Figure 31: UK Usage of Energy, 2014
Industrial
Figure 32: UK Industrial Energy Consumption, by Type of Fuel, 1970-14
Figure 33: UK Industrial Energy Consumption, by Sector, 1990-14
Figure 34: UK Industrial Electricity Consumption, by Sector, 2000-13
Figure 35: UK Industrial Electricity Consumption, by Sector, 2013
Transport
Figure 36: UK Transport Energy Consumption, by Type of Fuel, 1970-14
Figure 37: UK Transport Energy Consumption, by Sector, 1970-14
Domestic
Figure 38: UK Domestic Energy Consumption, by Type of Fuel, 1970-14
Figure 39: UK Domestic Energy Consumption, 1970-14
Figure 40: UK Domestic Energy Consumption Efficiency, 1970-14
Figure 41: UK Domestic Energy Consumption, by Activity, 1990-13
Figure 42: UK Household Electricity Usage on Domestic Appliances, 1970-14
Commerce/Services
Figure 43: UK Commercial and Services Energy Consumption, by Type of Fuel, 1970-14
Figure 44: UK Public Administration Energy Consumption, by Type of Fuel, 1970-14
Figure 45: UK Commercial Energy Consumption, by Type of Fuel, 2010-14
Figure 46: UK Agricultural Energy Consumption, by Type of Fuel, 2010-14
Figure 47: UK Miscellaneous Energy Consumption, by Type of Fuel, 2008-13
Figure 48: Detailed Service Sector Energy Consumption, by Activity and Type of Use, 2014
Figure 49: Detailed Service Sector Electricity Consumption, by Activity and Type of Use, 2013
THE CONSUMER – OWNERSHIP AND FUTURE INTENTIONS
Key points
Household penetration of roof-top solar panels remains low
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
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
Figure 52: Consideration of solar panels in the next five years, August 2015
Figure 53: Reasons for not considering having solar panels installed, August 2015
Figure 54: Possible reasons for people changing their mind in favour of having solar panels installed, August 2015
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
Key points
Three out of four people would consider buying a house fitted with solar panels
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
Figure 57: Awareness of government incentives for solar panel installation, August 2015
COMPANY PROFILES
Key points
Company profiles
A SHADE GREENER
Company strategy and outlook
Figure 58: Financial Analysis of A Shade Greener, 2011-14
CONERGY
Company strategy and outlook
Figure 59: Financial analysis of Conergy UK, 2010-14
GOOD ENERGY GROUP
Company strategy
Figure 60: Financial analysis of Good Energy Group, 2010-14
Figure 61: Turnover analysis of Good Energy Group, by segment, 2012-14
LCX SOLAR
Figure 62: Financial analysis of LCX Solar, 2012-14
LIGHTSOURCE RENEWABLE ENERGY
Company strategy and outlook
Figure 63: Financial Analysis of Lightsource Renewable Energy, 2012-14
OSKOMERA SOLAR POWER SOLUTIONS
Figure 64: Financial Analysis of Oskomera Solar Power Solutions (UK), 2011-13
PV CRYSTALOX SOLAR
Company review and outlook
Figure 65: Financial Analysis of PV Crystalox Solar, 2010-14
MARTIFER SOLAR
UK market outlook
Figure 66: Financial Analysis of Martifer Solar UK, 2012-13
SOLAR CENTURY
Company review and outlook
Figure 67: Financial Analysis of Solar Century Holdings, 2010-2014
FORECAST
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
Figure 68: Forecast Photovoltaic Installed Capacity in Great Britain, 2015-19
Figure 69: Forecast new photovoltaic capacity installed in Great Britain, 2014-18
FURTHER SOURCES & CONTACTS
Trade associations & regulatory bodies
Trade exhibitions
Trade magazines

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