Market

Ireland

The amount of solar power deployed in Ireland has been relatively low to date. This is mainly because solar is the only mainstream renewable energy technology that does not qualify for a Renewable Energy Feed In Tariff (‘REFIT’). Solar energy currently accounts for just 0.3% of total primary energy production in Ireland.

With the right policies in place, we believe that solar energy can reach over 1,500MW of installed solar generation capacity by 2020. The Irish Government is currently consulting on implementing a financial support for solar power with an interim decision expected in late 2016 / early 2017.

UK

Over 10 gigawatts (GW) of solar energy has been deployed so far in the United Kingdom. The UK Department of Energy and Climate Change (DECC) predicts that this figure increase to 12GW by 2020. The UK Government is committed to substantially increasing the amount of renewable energy generation. It recognises the role that solar photo-voltaic (PV) generation can play in helping the UK to meet its target of 15 per cent renewable energy from final consumption by 2020.

Solar projects in the United Kingdom receive Government support via the Feed in Tariff, Renewable Obligation and Contracts for Difference supports for renewable energy.