Solar energy projects that have been completed and obtained electricity prices

Will UK electricity retailers sign solar power purchase agreements?

On the back of high wholesale prices, U.K. electricity retailers are intensifying efforts to sign power purchase agreements with solar projects. Online PPA brokerage Renewable Exchange has reported the development, noting that 130 MW of solar PPAs have been signed in the last week alone.

Is the cost of UK solar PV electricity decreasing over time?

From our results below, it is clear that the cost of UK solar PV electricity is quickly decreasing over time, across all PV system sizes for both approaches used. Although the cost decrease is slowing down over time, it is still very significant, even in the last several years.

Why is solar energy so expensive in the UK?

The high latitude of the UK means that the solar PV electricity cost is consistently higher than in lower latitude countries such as Spain and faces greater seasonal variability of production. On the other hand, because of their large size, countries such as the US and China span multiple climate zones and solar radiation levels.

How can renewables help the UK achieve net zero?

A record number of clean energy projects have today (Friday 8 September) been awarded funding from the government’s flagship renewables scheme helping the UK grow the economy, achieve net zero, protect families and businesses from volatile global gas prices, and strengthen energy security.

Why was Spain chosen for a solar PV project?

Spain was chosen because it has one of the lowest LCOEs, the US and China are world leaders in solar PV capacity, and Germany’s development closely matches the one of the UK.

Why should the UK invest in solar PV?

Because of its simplicity, renewable nature, and continuously decreasing costs, solar PV should be at the forefront of the government’s plans to greatly expand renewable electricity generation and reduce the carbon footprint of the UK.