Solar Markets & Finance

The UK has underestimated the potential of solar power and needs to re-evaluate its role in the country’s energy generation portfolio, according to Greg Barker. These comments were made in response to a report from the STA, which claims that inadequate support from the Government is clipping the wings of its fledgling solar industry.

After months of uncertainty surrounding the UK’s solar market, the Solar Trade Association has today launched an in-depth report that claims Government could do more to support the burgeoning industry. According to the STA’s findings, the real potential for solar in the UK is simply not being recognised.

Further fueling fears that the world is not going to meet the emissions targets set for 2020, the latest research conducted by the International Energy Agency (IEA) discloses that energy…

British Gas, in partnership with River Cottage, has today launched the energyshare tariff, which will both promote renewable energy projects and provide households with the opportunity to have a say in where their energy comes from. By bringing its customers together both online and in person, the initiative will help…

Increasing its activities in the UK SolarEdge Technologies, the global provider of end-to-end solar power optimization systems, has formed a new distribution partnership with Cleaner Air Solutions. The company has already ordered 3MW of SolarEdge power optimizers and solar inverters in the first quarter of this year.

Boosting the amount of solar power in Wales, the United Welsh Housing Association and Torfaen County Borough Council have formed a purchasing consortium to let a one-year framework contract for the design, supply and installation of solar photovoltaic systems in the country.

Warwick University spinout Molecular Solar is to raise £5 million to create its own bespoke technology facility in order to bring its lightweight, flexible solar cells to the mainstream marketplace.

Ikaros Solar UK, which was set up earlier this year by entrepreneur Richard Tyzack, has achieved Microgeneration Certification Scheme (MCS) accreditation.  The South Wales-based subsidiary in Technium Springboard in Cwmbran, Wales has been backed by the Welsh Assembly Government through a £500,000 grant from the Single Investment Fund (SIF) over the next three years.

The new Scottish Government has exceeded all expectations and increased its renewable energy target to 100% by 2020. First Minister Alex Salmond pledged to move “still faster and further” to secure Scotland’s place as the green energy powerhouse of Europe.

Following on from Monday’s Green Investment Bank (GIB) announcement, Business Secretary Vince Cable has now revealed some of the finer details. In his progress report, Cable reveals more about how the bank will be governed, and what the business model will look like.