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Solar Panels - UK - September 2017

Published By :

Mintel

Published Date : Sep 2017

Category :

Construction

No. of Pages : N/A

Future growth in a subsidy-free solar PV market will largely be driven by the continued fall in installation costs and the increased availability of affordable and efficient solar-plus storage systems. For solar PV to become attractive without subsidies, there is also a need to unlock deployment on buildings in the commercial sector, where around 380GW-worth of south-facing commercial rooftop space is available.
Table of contents

EXECUTIVE SUMMARY
The market
UK solar PV capacity reaches 12.5GW in mid-2017, but deployment has slowed significantly following the government subsidy reset
Figure 1: Development of photovoltaic installations in the UK, 2010-16
Solar PV deployment in the residential sector collapses following FIT cuts in early 2016
Figure 2: Residential photovoltaic capacity installed in the UK, 2010-16
RO supported ground-mounted installed capacity reaches nearly 6GW in mid-2017
Commercial roof-top sector shows strong growth potential
Solar PV market to be driven by solar-plus storage systems in post-subsidy world
First subsidy-free solar farms in pipeline in 2017
Figure 3: Forecast new photovoltaic capacity installed in the UK, 2016-20
Market factors
Companies
What we think
KEY INSIGHTS
Which segments of the residential sector offer the strongest growth opportunities for solar PV companies?
With all government support removed, what are the prospects for large-scale solar farms?
Whats the outlook for the commercial solar PV sector?
What can installers do to unleash potential in the commercial sector?
INTRODUCTION
Definitions
Methodology
Abbreviations
Market Positioning
Development of the UK solar market
UK ECONOMY
Overview
Figure 4: Forecast GDP development 2017-21
Figure 5: UK GDP quarterly development, 2004-17
Figure 6: UK GDP in economic downturns and recoveries since 1979
Inflation
Interest rates
House prices
Figure 7: UK House price changes, 2006-17
Consumer spending
Manufacturing
Figure 8: UK manufacturing, 2014-17
Business investment
Figure 9: UK GFCF 2003-17
Imports
Exports
MARKET FACTORS
Key points
Government policy
Renewable energy and climate change policies
Brexit raises uncertainties for the renewables industry, but the government remains committed to tackling climate change
Government slashes financial support for solar PV industry as cost of technology falls
Renewable Energy Obligation (RO) and Contracts for Differences (CFDs
Only two solar farms with Contacts for Difference (CfD) connected to grid
Feed-in Tariff
Solar PV industry hit by further drastic FIT cuts in February 2016
Government commits to fresh FIT review before end of 2017
Figure 10: UK feed in tariff levels, 1 July 2017- 30 September 2017
PV prices
EU sets minimum import price (MIP) and volume limit on imports of Chinese solar panels in 2013
But MIP has increasingly smaller impact
Tax breaks for solar panels and battery systems
Government launches battery storage investment strategy
The UK climate
Other factors
MARKET SIZE AND TRENDS
Key points
The renewable context
Figure 11: Analysis of electricity supplied in the UK, by type of fuel used in generation, 2011-16
Figure 12: UK renewable penetration of electricity supply, 2012-16
Figure 13: Renewable electricity generation in the UK, 2011-16
Figure 14: UK renewable energy market shares, 2012 and 2016
The photovoltaic market to 2016
Introduction
The market
Figure 15: Photovoltaic iInstallations in the UK, 2010-17
Figure 16: Development of photovoltaic installations in the UK, 2010-16
Market segmentation
Figure 17: Photovoltaic installations in the UK, by capacity of installation, 2010-17
Figure 18: Photovoltaic installations in the UK, by accreditation scheme 2010-17
Figure 19: Photovoltaic installed capacity in the UK, by size, as of June 2017
Figure 20: Residential dwelling stock in Great Britain, by type, 2010-15
Figure 21: Residential photovoltaic installation capacity installed in the UK, 2010-16
Figure 22: Number of non-domestic rateable properties in England & Wales, by sector and region, as at 31 March 2016
Figure 23: Number of non-domestic rateable properties in England & Wales, by property type, as at 31 March 2015
Figure 24: Building mounted photovoltaic installation capacity installed in the UK, 2010-17
Figure 25: Building mounted photovoltaic installed capacity in the UK, by size, mid 2017
Figure 26: Ground mounted and large scale photovoltaic installation capacity installed in the UK, 2010-16
Figure 27: Number of community FIT energy installations, Q2 2013 - Q2 2017
Seasonal market trends
Figure 28: Quarterly photovoltaic installations in Great Britain, by type of installation, Q1 2012-Q2 2017
Regional development
Figure 29: Household penetration of photovoltaic installations in Great Britain, by region, 2014-17
Figure 30: Regional distribution of photovoltaic installations in Great Britain, by type and region, cumulative as of Q2 2017
The European/World context
Figure 31: World, EU and UK cumulative photovoltaic installations, 2012-16
Figure 32: World development of photovoltaic installations, 2010-16
ELECTRICITY USAGE
Key points
Introduction
Figure 33: UK final energy consumption, by type of fuel, 1970-16
Figure 34: UK total energy consumption, by sector, 1970-16
Figure 35: UK usage of energy, 2016
Industrial
Figure 36: UK industrial energy consumption, by type of fuel, 1970-16
Figure 37: UK industrial energy consumption, by sector, 1990-16
Figure 38: UK industrial electricity consumption, by sector, 2000-16
Figure 39: UK industrial electricity consumption, by sector, 2016
Transport
Figure 40: UK transport energy consumption, by type of fuel, 1970-16
Table 25: UK transport energy consumption, by sector, 1970-16
Domestic
Figure 41: UK domestic energy consumption, by type of fuel, 1970-16
Figure 42: UK domestic energy consumption, 1970-16
Figure 43: UK domestic energy consumption efficiency, 1970-16
Figure 44: UK domestic energy consumption, by activity, 1990-16
Figure 45: UK household electricity usage on domestic appliances, 1970-16
Commerce/services
Figure 46: UK commercial and services energy consumption, by type of fuel, 1970-16
Figure 47: UK public administration energy consumption, by type of fuel, 1970-15
Figure 48: UK commercial energy consumption, by type of fuel, 2012-16
Figure 49: UK agricultural energy consumption, by type of fuel, 2012-16
Figure 50: Detailed service sector energy consumption, by activity and type of use, 2016
Figure 51: Detailed service sector electricity consumption, by activity and type of use, 2016
THE CONSUMER - OWNERSHIP
Key points
Household penetration of roof-top solar panels remains low
Figure 52: Ownership of solar panels on roof of home, May 2017
Figure 53: Payment of households solar panels and installation, May 2017
THE CONSUMER - FUTURE INTENTIONS
Key points
A third of respondents would consider having solar panels installed if more cost-effective energy storage systems become available
Figure 54: Reasons for considering having solar panels installed, May 2017
Financial incentives remain the key consideration for households when considering having solar panels installed
A third of people would consider having solar panels installed if more cost-effective energy storage systems become available
A third of people say they would not consider solar panels as they cant afford them
Figure 55: Reasons for not considering having solar panels installed, May 2017
THE CONSUMER - ATTITUDES TOWARDS SOLAR PANELS
Key points
Figure 56: Attitudes towards solar panels, May 2017
COMPANY PROFILES
Key points
Company profiles
A SHADE GREENER
Company strategy and outlook
Figure 57: Financial analysis of A Shade Greener, 2012-16
BRITISH SOLAR RENEWABLES
BSR launches energy storage solutions provider in 2017
Company review & outlook
Figure 58: Financial analysis of British Solar Renewables, 2012-16
CONERGY UK
Company strategy and outlook
Figure 59: Financial analysis of Conergy UK, 2012-15
EVOENERGY
Company review & strategy
Figure 60: Financial analysis of EvoEnergy, 2012-16
GOOD ENERGY GROUP
Company strategy
Figure 61: Financial analysis of Good Energy Group, 2012-16
Figure 62: Turnover analysis of Good Energy Group, by segment, 2012-16
LIGHTSOURCE RENEWABLE ENERGY HOLDINGS
Organisational restructuring and management buy-out
Figure 63: Financial analysis of Elios Renewable Energy, 2012-15
Company strategy
PV CRYSTALOX
PV Crystalox to close UK manufacturing operations in Q3 2017, reflecting adverse market conditions
Company outlook
Figure 64: Financial analysis of PV Crystalox Solar, 2012-16
VOLTALIA UK (FORMERLY MARTIFER SOLAR)
Figure 65: Financial analysis of Martifer Solar UK, 2012-15
SOLAR CENTURY
IKEA teams up with Solarcentury to offer residential solar solutions
Solarcentury looking for further international expansion as UK market is hit by green cuts
Company review and outlook
Figure 66: Financial analysis of Solar Century Holdings, 2012-16
FORECAST
Key points
Overview
The STA calls for 10GW of solar during current parliament
Market trends and drivers
Solar PV market to be driven by solar-plus storage systems in post-subsidy world
Largely untapped commercial sector to provide strongest growth potential for solar PV deployment
Utility sector also offers opportunities for solar firms
Advancements in building-integrated photovoltaics (BIPV) make solar PV more aesthetically pleasing
The market 2017-2021
Figure 67: Forecast photovoltaic installed capacity in the UK, 2017-21
Figure 68: Forecast new photovoltaic capacity installed in the UK, 2017-21
FURTHER SOURCES & CONTACTS
Trade Associations & Regulatory Bodies
Association of Electricity Producers
British Photovoltaic Association
Energy Networks Association
Energy Industries Council
Energy Retail Association
SolarPower Europe (previously European Photovoltaic Industry Association)
European Solar Thermal Industry Federation
Micropower Council
Office of Gas and Electricity Markets (Ofgem)
Office of Gas and Electricity Markets - Scotland (Ofgem Scotland)
Renewable Energy Association
Solar Trade Association
Trade Exhibitions
All-Energy Exhibition & Conference Aberdeen
The Renewables Event
Solar & Storage Live 2017
Trade Magazines
Renewable Energy Focus
Solar Business Focus
Solar UK
Solar International

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