One of Europe’s leading utility-scale solar investors has said that the continent’s subsidy-free solar market has “developed rapidly” in recent months.
Foresight Solar Fund, which owns more than 700MW of utility-scale solar in the UK, said within its interim results disclosure today that it was keeping a watching brief on subsidy-free developments in Europe, particularly in the south of the continent, after watching a surge in subsidy-free economics of late.
It paid particular mention to the Spanish and Portuguese markets, where it said especially attractive power purchase agreement structures were sparking a wave of new activity.
But Foresight was less enthused about the current subsidy-free prospects of its home market. While other investors, most notably NextEnergy Solar Fund, have this year broken ground on their first unsubsidised projects, Foresight said the UK’s prospects are “not yet in line with company expectations” and, as a result, the company is standing still for now.
It did, however, suggest that the UK’s recently-passed net zero law, which states the UK must transition to a carbon-free economy by 2050, stood to act as a catalyst for subsidy-free developments in the near future.
If you are a solar park owner, investor, or O&M engineer looking for ways to increase the power output of your older solar parks, DSM’s Retrofit AR coating is the turnkey solution for you. To find out how it can maximize power yield and increase your cashflow in 2020, join this webinar, where DSM and its ecosystem partners will discuss all the relevant features of this technology from the perspective of investors, maintenance engineers, and asset owners. The Retrofit AR coating, an offspring of DSM’s industry-leading Anti-Reflective coating, gives older, uncoated solar modules an instant power boost of up to 3%. Application is fast and reliable. Commercially launched in 2019, it has already been applied to 50MWp of installations in Europe, representing a strong vote of confidence for this innovative technology.