Positive news for the long and short term future of the UK solar industry. Both CapEx and OpEx costs are predicted to reduce significantly, making solar as competitive as any other new power generation source. The predicted market for 2019 is 300-500MW. This article also details the STA's calls for a technology-neutral floor-price Contracts for Difference scheme which would make projects more attractive to investors. I'm really looking forward to the first subsidy-free solar projects coming on line in 2019 and the domino effect this should have. The future's looking bright for UK solar!
Citing new analysis conducted by the association alongside its members over the last six months, the STA now forecasts that next year ground-mount solar cost of generation is to sit between £50 and £60/MWh, significantly below both the STA’s previous estimate of £80/MWh and the government’s central estimate. As a result, the STA is now signalling that large-scale solar PV will be “highly competitive” with CCGTs and onshore wind next year.