Solar PV represents over 99% of FiT installations

Ofgem’s Annual Feed in Tariff (FiT) report shows that  Solar PV has once again proven to be a popular technology with the British public, with figures showing for around 99% of all total installs registered under the FiTs scheme from 2011 – 2012.

  • The FiT scheme has seen a massive 620% rise in installations from its first year.
  • In total, the FiT scheme paid out almost £136 million in generation payments during this period.
  • Solar PV’s 244,844 registered systems for that period accounted for just over 90% of the scheme’s total installed capacity, just surpassing the 1GW milestone.
  • The next largest contributor in terms of capacity was wind, which saw 54.6MW of capacity installed under the FiT.

Solar continued dominance of the FiT scheme during its second year illustrates the importance of the market in helping the UK reach its climate targets as well as serving as direct evidence of the British public’s preference for Solar technology.  Now that the Department of Energy and Climate Change (DECC) has implemented a predictable digression model, the boom and bust cycle of the UK Solar market should be far less pronounced than seen in year one and two of the FiT scheme.

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This entry was posted on Sunday, January 27th, 2013 at 11:46 am and is filed under Solar PV. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.