All over Europe there are reports of a plunge in the prices of solar pv projects, and in the UK a leading solar analyst has predicted that over 1 GW of solar pv will be deployed in the UK in 2020. Solar pv prices have been hurtling ever lower for many years. and some crazily low prices for solar pv projects have been reported in Middle East in contract auction contests such as the UAE and Qatar. But this trend is now even affecting not-as-sunny parts of Europe. Solar pv costs – what finance geeks call ‘levellised cost of energy’ (LCOE) – and which indicate what projects investors and banks will support – are dipping below wholesale electricity prices in more and more countries. That means that solar pv schemes, big ones that can be built efficiently using higher power outputs compared to rooftop solar projects, are now coming forward on what is called a ‘subsidy free’ basis in the UK. That is without Government based incentives such as feed in tariffs that launched the first markets for solar pv (before being scaled back in recent years).
Dave Toke’s Blog 22nd Feb 2020 read more »