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Description

Description

“The UK solar PV sector faces significant challenges as a result of government policy changes. However, the sector is expected to return to growth in a post-subsidy world as the cost of solar PV continues to fall, and more efficient and affordable battery storage solutions and more innovative finance and business models become available.”
– Claudia Preedy, B2B Analyst

This Report looks at the following areas:

  • Commercial sector offers huge growth potential for solar PV despite some barriers to deployment
  • Growing number of companies are moving into nascent solar-plus storage market

What's included

What's included

Table of contents

Table of contents

  1. Overview

    • What you need to know
      • Covered in this Report
      • Executive Summary

          • The market
            • Solar PV installations collapse in 2016 and 2017 following government policy change
              • Figure 1: Photovoltaic Installations in the UK, 2010-17
            • Ground-mounted sector moves into post-subsidy phase
              • Availability of cheaper and more efficient solar-plus storage systems to drive roof-top solar PV sector
                • Solar companies are turning attention to the new build sector and local authorities
                  • Largely untapped commercial sector offers huge growth potential
                    • Overall solar PV deployment set for modest growth between 2018 and 2022
                      • Figure 2: Forecast new photovoltaic capacity installed in the UK, 2018-22
                    • Companies and brands
                      • Abrupt government policy changes result in many companies exiting UK solar PV sector
                        • Installers are diversifying into energy storage, energy efficiency and EV charging
                          • The consumer
                            • 41% of respondents would consider having solar panels installed if a solar company/installer proved the cost savings to them
                              • Nearly a third of homeowners would consider having solar panels installed if more cost-effective energy storage systems become available
                                • Figure 3: Reasons for considering having solar panels installed, May 2018
                              • What we think
                              • Issues and Insights

                                • Commercial sector offers huge growth potential for solar PV despite some barriers to deployment
                                  • The facts
                                    • The implications
                                      • Growing number of companies are moving into nascent solar-plus storage market
                                        • The facts
                                          • The implications
                                          • The Market – What You Need to Know

                                            • UK sees dramatic fall in solar PV installs in 2016 and 2017 following government policy change
                                              • Future growth in residential rector to be driven by ‘paid-for’ solar plus storage systems
                                                • Solar PV still offers an attractive and viable option for commercial sector
                                                  • Ground-mounted sector moves into post-subsidy phase
                                                  • Market Size

                                                    • Introduction
                                                      • Nearly 13GW of solar PV installed in UK
                                                        • UK sees dramatic fall in solar PV installs in 2016 and 2017 following government policy change
                                                          • Figure 4: Photovoltaic installations in the UK, 2011-18
                                                          • Figure 5: Photovoltaic installations in the UK, 2010-17
                                                      • Market Segmentation

                                                        • Overview
                                                            • Figure 6: Photovoltaic Installations in the UK, by capacity of installation, 2012-18
                                                            • Figure 7: Photovoltaic installations in the UK, by accreditation scheme, 2012-18
                                                            • Figure 8: Photovoltaic installed capacity in the UK, by size, as of June 2017
                                                          • Residential solar PV market
                                                            • Drastic cuts in FITs in early 2016 result in slump in residential solar PV installations
                                                              • ‘Free solar’ versus paid-for installations
                                                                • Future growth to be driven by ‘paid-for’ solar plus storage systems
                                                                    • Figure 9: Residential photovoltaic installation capacity installed in the UK, 2012-18
                                                                  • Building-mounted solar PV market
                                                                    • Figure 10: Building mounted photovoltaic installation capacity installed in the UK, 2012-18
                                                                    • Figure 11: Building mounted photovoltaic installed capacity in the UK, by size, mid 2018
                                                                  • Companies continue to face barriers to deployment in commercial solar PV market
                                                                    • Commercial roof-top market damaged by sharp business rate hikes in April 2017
                                                                      • But solar PV still offers an attractive and viable option for commercial sector
                                                                        • Ground-mounted solar PV market
                                                                          • Ground-mounted sector moves into post-subsidy phase
                                                                            • Emergence of PPAs present growth opportunities for ground-mounted solar PV installations
                                                                              • 8.3 GW installed capacity across 1,122 solar farms operational
                                                                                  • Figure 12: Ground mounted and large scale photovoltaic installation capacity installed in the UK, 2012-18
                                                                                • Community solar PV installations
                                                                                  • New business models starting to emerge
                                                                                      • Figure 13: Number of community FIT energy installations, Q2 2013-Q1 2018
                                                                                  • Regional Trends

                                                                                    • Regional development
                                                                                      • London aims to boost solar PV deployment as part of the capital’s environment strategy
                                                                                        • Figure 14: Household penetration of photovoltaic installations in Great Britain, by region, 2014-18
                                                                                        • Figure 15: Regional distribution of photovoltaic installations in Great Britain, by type and region, cumulative as of June 2018
                                                                                    • The European/World Context

                                                                                          • Figure 16: World, EU and UK cumulative photovoltaic installations, 2012-17
                                                                                          • Figure 17: World development of photovoltaic installations, 2010-16
                                                                                      • Market Forecast

                                                                                        • Drastic government policy changes prove highly detrimental to solar PV sector
                                                                                          • Solar PV subsidy cuts contribute to significant fall in UK clean energy investment
                                                                                            • Ground-mounted sector moves into post-subsidy phase
                                                                                              • Increased availability of affordable and efficient solar-plus storage systems to drive take-up of roof-top solar PV
                                                                                                • Solar companies are turning their attention to new build sector and local authorities
                                                                                                  • Largely untapped commercial sector offers huge growth potential
                                                                                                    • Overall solar PV deployment set for modest growth between 2018 and 2022
                                                                                                      • Figure 18: Forecast photovoltaic installed capacity in the UK, 2018-22
                                                                                                      • Figure 19: Forecast new photovoltaic capacity installed in the UK, 2018-22
                                                                                                  • Market Trends

                                                                                                    • Growing number of companies are moving into nascent solar-plus storage market
                                                                                                      • Advancements in building-integrated photovoltaics (BIPV) make solar PV more aesthetically pleasing
                                                                                                        • Utility sector offers opportunities for solar firms
                                                                                                          • Solar carports represent an emerging market
                                                                                                          • Government Policy and Legislative Environment

                                                                                                            • UK committed to reducing carbon emissions by 80% below 1990 levels by 2050
                                                                                                              • UK currently on track to miss emission reduction targets between 2023 and 2032
                                                                                                                • Policies to decarbonise electricity
                                                                                                                  • Renewables Obligation
                                                                                                                    • Contracts for Difference
                                                                                                                      • Feed-in Tariffs
                                                                                                                        • Drastic cuts to FITs cause roof-top solar PV deployment to plummet over 2016 and 2017
                                                                                                                          • Figure 20: UK feed in tariff levels, 1 July 2018-30 September 2018
                                                                                                                        • Capacity Market
                                                                                                                        • Market Drivers

                                                                                                                          • New housebuilding sector offers huge growth potential for solar PV companies
                                                                                                                            • Social rented sector attracts interest from solar PV companies
                                                                                                                                • Figure 21: RESIDENTIAL dwelling stock in Great Britain, 2011-16
                                                                                                                              • Number of non-domestic properties
                                                                                                                                  • Figure 22: Number of non-domestic rateable properties in England & Wales, by sector and region, as at 1 April 2017
                                                                                                                                  • Figure 23: Number of non-domestic rateable properties in England & Wales, by property type, as at 31 March 2015
                                                                                                                                • PV prices falling rapidly
                                                                                                                                  • Anti-dumping duty on China solar panels
                                                                                                                                    • Tax breaks for solar panels and battery systems
                                                                                                                                      • Government commits funding for research and innovation in battery storage technology
                                                                                                                                        • UK energy mix and growth in renewable energy sector
                                                                                                                                          • Figure 24: Analysis of electricity generation the UK, by type of fuel used, 2013-17
                                                                                                                                          • Figure 25: Proportional importance of fuel source in UK electricity generation, 2013 and 2017
                                                                                                                                          • Figure 26: Renewable electricity generation in the UK, 2013-17
                                                                                                                                        • The UK climate
                                                                                                                                          • Other factors
                                                                                                                                          • Companies and Brands – What You Need to Know

                                                                                                                                            • Government policy change results in many companies exiting UK solar PV sector and job losses
                                                                                                                                              • Solarcentury and IKEA team up to offer residential solar systems and home batteries in UK
                                                                                                                                                • BSR launches behind-the-meter energy storage solutions provider
                                                                                                                                                  • BP invests in Lightsource to drive global solar expansion
                                                                                                                                                  • Industry Structure

                                                                                                                                                    • Abrupt government policy changes result in many companies exiting UK solar PV sector
                                                                                                                                                      • Figure 27: Employment and number of companies active across UK solar PV supply chain, 2012-17
                                                                                                                                                      • Figure 28: UK solar PV sector turnover, 2012-17
                                                                                                                                                    • Key industry players
                                                                                                                                                      • Installers are diversifying into energy storage, energy efficiency and EV charging
                                                                                                                                                        • Solar companies are looking for international expansion
                                                                                                                                                        • Company Profiles

                                                                                                                                                          • British Solar Renewables
                                                                                                                                                            • BSR launches behind-the-meter energy storage solutions provider in 2017
                                                                                                                                                              • Company strategy and outlook
                                                                                                                                                                • Financial performance
                                                                                                                                                                  • Figure 29: Financial analysis of British Solar Renewables
                                                                                                                                                                • EvoEnergy
                                                                                                                                                                  • Company strategy
                                                                                                                                                                    • Financial performance
                                                                                                                                                                      • Figure 30: Financial analysis of EvoEnergy, 2012-17
                                                                                                                                                                    • Lightsource Renewable Energy Investment
                                                                                                                                                                      • BP invests in Lightsource to drive global expansion
                                                                                                                                                                        • Strategy
                                                                                                                                                                          • Recent UK company developments
                                                                                                                                                                            • Financial performance
                                                                                                                                                                              • Figure 31: Lightsource Renewable Energy Investments, 2016-17
                                                                                                                                                                            • Solar Century Holdings
                                                                                                                                                                              • Solarcentury and IKEA team up to offer residential solar systems and home batteries in UK
                                                                                                                                                                                • Solarcentury focusses on international expansion as UK market is hit by green cuts
                                                                                                                                                                                  • Company review and outlook
                                                                                                                                                                                    • Figure 32: Financial analysis of Solar Century Holdings, 2014-18
                                                                                                                                                                                • The Consumer – What You Need to Know

                                                                                                                                                                                  • Strong support for solar PV among UK public
                                                                                                                                                                                    • 41% of respondents would consider having solar panels installed if a solar company/installer proved the cost savings
                                                                                                                                                                                      • Nearly a third of homeowners would consider having solar panels installed if more cost-effective energy storage systems become available
                                                                                                                                                                                      • Ownership

                                                                                                                                                                                        • Ownership levels of solar panels remain low
                                                                                                                                                                                          • Figure 33: Ownership of solar panels, May 2018
                                                                                                                                                                                        • Most people who have solar panels on their roofs have paid for them themselves
                                                                                                                                                                                          • Figure 34: Payment of household’s solar panels and installation, May 2018
                                                                                                                                                                                      • Attitudes towards Solar Panels

                                                                                                                                                                                        • 73% would like to see all new homes fitted with solar panels where suitable
                                                                                                                                                                                            • Figure 35: Attitudes towards solar panels, May 2018
                                                                                                                                                                                          • 56% of homeowners would be interested in purchasing a solar-plus-battery storage system
                                                                                                                                                                                            • Figure 36: Attitudes towards solar panels, May 2018
                                                                                                                                                                                        • Future Intentions

                                                                                                                                                                                          • Solar companies need to accurately prove cost savings to homeowners to drive sales in residential solar PV market
                                                                                                                                                                                            • Nearly a third of homeowners would consider having solar panels installed if more cost-effective energy storage systems become available
                                                                                                                                                                                                • Figure 37: Reasons for considering having solar panels installed, May 2018
                                                                                                                                                                                              • More than a third of people say they would not consider solar panels as they can’t afford them
                                                                                                                                                                                                • One in four put off from installing solar panels because of aesthetic reasons
                                                                                                                                                                                                  • Figure 38: Reasons for not considering having solar panels installed, May 2018
                                                                                                                                                                                              • Appendix – Data Sources, Abbreviations and Supporting Information

                                                                                                                                                                                                  • Abbreviations
                                                                                                                                                                                                    • Methodology
                                                                                                                                                                                                    • Further Sources and Contacts

                                                                                                                                                                                                      • Trade associations
                                                                                                                                                                                                        • British Photovoltaic Association
                                                                                                                                                                                                          • Energy Networks Association
                                                                                                                                                                                                            • Energy Industries Council
                                                                                                                                                                                                              • Energy UK
                                                                                                                                                                                                                • SolarPower Europe
                                                                                                                                                                                                                  • 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 magazines
                                                                                                                                                                                                                                • Renewable Energy Focus
                                                                                                                                                                                                                                  • Solar Business Focus
                                                                                                                                                                                                                                    • Solar UK
                                                                                                                                                                                                                                      • Solar International
                                                                                                                                                                                                                                        • Trade events
                                                                                                                                                                                                                                          • All-Energy Exhibition & Conference Aberdeen
                                                                                                                                                                                                                                            • Future Resource Expo
                                                                                                                                                                                                                                              • Solar & Storage Live

                                                                                                                                                                                                                                              About the report

                                                                                                                                                                                                                                              This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:

                                                                                                                                                                                                                                              • The Consumer

                                                                                                                                                                                                                                                What They Want. Why They Want It.

                                                                                                                                                                                                                                              • The Competitors

                                                                                                                                                                                                                                                Who’s Winning. How To Stay Ahead.

                                                                                                                                                                                                                                              • The Market

                                                                                                                                                                                                                                                Size, Segments, Shares And Forecasts: How It All Adds Up.

                                                                                                                                                                                                                                              • The Innovations

                                                                                                                                                                                                                                                New Ideas. New Products. New Potential.

                                                                                                                                                                                                                                              • The Opportunities

                                                                                                                                                                                                                                                Where The White Space Is. How To Make It Yours.

                                                                                                                                                                                                                                              • The Trends

                                                                                                                                                                                                                                                What’s Shaping Demand – Today And Tomorrow.

                                                                                                                                                                                                                                              Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted.

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