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Solar Panels - UK - October 2015

“With opportunities for large-scale, ground-mounted solar deployment limited due to ROC cuts and proposed FIT subsidy cuts most severely affecting the residential sector, solar companies are expected to increasingly target the largely untapped commercial/industrial sector. Installers that successfully develop into ‘smart contractors’ are likely to be in the best position to unleash the full potential of the commercial/industrial sector by offering added-value and turnkey energy management solutions. They may even be seen as ‘outsourced energy managers’ and become part of a company’s team to create energy solutions that work for them.”
– Claudia Preedy - B2B analyst

This report addresses the following key questions concerning the UK solar panels market:

  • How has the UK solar panels market performed in recent years?
  • How have the different types of solar panel deployment been developed over recent years? (roof-top, ground-mounted, etc.)
  • How have changes in government policies shaped the development of the market?
  • How have key players in the market performed in recent years?
  • What is the likely impact of the proposed drastic cuts to FIT on the market and industry? How can companies survive these turbulent times?

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Table of contents

  1. 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

                                                                                                                                Companies Covered

                                                                                                                                To learn more about the companies covered in this report please contact us.

                                                                                                                                Solar Panels - UK - October 2015

                                                                                                                                £1,495.00 (Excl.Tax)