Large-scale solar power projects are set to make a comeback as costs decline – and landowners should act now to secure rental agreements.
According to independent power consultant Roadnight Taylor, demand for large-scale solar is set for a revival, with developers returning to the market after three years of impasse. “In 2015 the government announced the end of the Feed in Tariff and Renewable Obligation incentives, which killed the solar market,” explains chief executive Hugh Taylor.
“Since then, the renewables industry has been waiting for a time when the cost of solar technology has reduced sufficiently to make further schemes worthwhile.”
Solar costs have since reduced by 20-30% a year, at the same time as wholesale energy prices have soared by nearly 60% - which means developers are back in the market. “Solar operators are starting to secure power purchase agreements with large corporate organisations like Amazon and Google, which have committed to using 100% renewable energy,” says Mr Taylor.
“These operators anticipate the first schemes to be built in 2019, with the pace picking up into 2021 and 2022.”
This means developers are already on the lookout for suitable sites... Click here to read the full article on The Business Barn >>>
According to independent power consultant Roadnight Taylor, demand for large-scale solar is set for a revival, with developers returning to the market after three years of impasse. “In 2015 the government announced the end of the Feed in Tariff and Renewable Obligation incentives, which killed the solar market,” explains chief executive Hugh Taylor.
“Since then, the renewables industry has been waiting for a time when the cost of solar technology has reduced sufficiently to make further schemes worthwhile.”
Solar costs have since reduced by 20-30% a year, at the same time as wholesale energy prices have soared by nearly 60% - which means developers are back in the market. “Solar operators are starting to secure power purchase agreements with large corporate organisations like Amazon and Google, which have committed to using 100% renewable energy,” says Mr Taylor.
“These operators anticipate the first schemes to be built in 2019, with the pace picking up into 2021 and 2022.”
This means developers are already on the lookout for suitable sites... Click here to read the full article on The Business Barn >>>