UK solar activity continues to increase

UK solar activity continues to increase

UK solar projects have seen £11 billion of investment since 2013 and activity will continue to rise, according to the latest research.

The UK Renewable Energy Finance 2016 report from Clean Energy Pipeline and TLT demonstrated a 14 per cent increase in tracked solar deals in 2015, worth a total £1.6 billion.

The trend continued in Q1 2016 as £333 million investment in UK solar was reported and according to the report solar activity will remain strong.

“The large number of solar projects brought online in the last two years has created a large pool of de-risked assets that are attractive acquisition targets for institutional and other low-risk investors,” said Maria Connolly, head of real estate and energy and renewables at TLT.

“This is likely to continue well into 2017. Many transactions in the early part of 2016 relate to disposal of operational projects that were commissioned by 31 march 2015 or the disposal of consented projects that qualify for the grace period.”