Host of manufacturers express confidence in rebounding UK solar market

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

A trio of solar manufacturers have expressed strong confidence in the UK solar and storage markets as the country begins to realise post-subsidy opportunities.

Speaking at this week’s Solar & Storage Live exhibition in Birmingham, the UK, inverter manufacturers GoodWe, Growatt and Hoymiles all doubled down on their UK commitments. 

GoodWe pointed to module price cuts, comfort with subsidy-free business models and an unexpected side effect of Brexit as having all helped its UK business.

Speaking on the second day of the exhibition, Raj Sidhu, the firm’s UK MD, said the mood of the industry had changed through 2018.

“There’s a certain amount of optimism in the UK market. After the subsidy cuts two years ago the industry dropped by about 80%. We saw our sales flatline for a year and then increase very slowly. But this year, because of that optimism, and people looking at future subsidy-free models that are making more and more sense, we’ve seen an increase in business,” he said.

“That growth is not just with the energy storage products but with the PV products and commercial systems as well,” added Sidhu.

Hoymiles meanwhile said it was investing in the UK solar market “for the long term”.

In addition to its major presence at Solar & Storage UK, the company has a Rotterdam logistics hub for European customers, a series of training events in the UK and has now shipped the first container of its MI-1200 microinverters to Kent-based installers Ecolution.

“They compared lots of inverter solutions and from Q4 this year they will start to use the Hoymiles MI-1200 microinverter in a big way. We just sent the first container to them, and local end users will enjoy Hoymiles safer and smarter MLPE solar solution soon,” said Andy Tang, sales director at the company.

“As a global brand, Hoymiles regards the European market as one of our key strategic markets and the UK is no doubt one of the most important markets in Europe,” he added.

Growatt however, said the residential storage market in the UK – widely talked up on the exhibition floor as having significant potential for 2019 – would be its prime focus.

Felix Fang, marketing director at Growatt, said the requisite conditions were now in place for domestic battery systems to make headway. 

“Storage will be the future market for us in the UK, not in future years but in the future months. We already have orders in place in the UK with distributors, largely for the SPH hybrid inverters from 3-6kW,” he said.

Read Next

January 19, 2022
Chinese inverter manufacturer Sungrow has launched its new "1+X" central modular inverter with an output of 1.1MW at the World Future Energy Summit in Abu Dhabi.
January 17, 2022
Spanish energy company Iberdrola has bet big on the UK market through the acquisition on 17 solar PV projects from Elgin Energy and Lightsource bp, taking the firm’s share of UK solar from 2% to 9% and making it one of the biggest players in the market.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 10, 2022
The Australian Renewable Energy Agency (ARENA) is providing AU$40 million in funding to support research and development (R&D) that can help Australia reach its ‘ultra-low cost solar’ goal, recently added as a priority under the country’s decarbonisation strategy.
January 6, 2022
JinkoSolar has won a tender issued by the China Petroleum Engineering and Construction Corporation (CPECC), an affiliate company of the China National Petroleum Corporation (CNPC), for up to 1.85GW of high efficiency TOPCon modules
December 21, 2021
Microinverter manufacturer Hoymiles Power Electronics has launched on the Shanghai Stock Exchange STAR Market through a virtual listing ceremony in Hangzhou

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany