United Kingdom (UK) Solar Photovoltaic (PV) Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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UK Solar Photovoltaic (PV) Market Report Overview

The cumulative installed capacity for solar PV in the UK was 15.91GW in 2022. It is expected to achieve a CAGR of more than 11% during 2022-2035. The UK Solar Photovoltaic (PV) market research report offers comprehensive information and understanding of the solar PV market in the UK. The report discusses the renewable power market in the country and provides forecasts up to 2035.

UK Solar PV Market Outlook, 2022-2035 (GW)

UK Solar PV Market Outlook, 2022-2035 (GW)

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The report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar PV market. Detailed coverage of the renewable energy policy framework governing the market is also provided in the report. The report provides company snapshots of some of the major market participants as well.

Cumulative Installed Capacity (2022) 15.91 GW
CAGR (2022-2035) >11%
Historical Period 2010-2022
Forecast Period 2023-2035
Key Deal Types ·        Debt Offerings

·        Venture Financing

·        Acquisition

·        Equity Offerings

·        Partnerships

·        Asset Transactions

·        Private Equity

Key Active Plants ·        NextEnergy Llanwern Solar PV Park

·        Shotwick Solar PV Park

·        Larks Green Solar Farm

·        Bradenstoke Solar PV Park

·        Alpha Real Capital Innova Energy Solar PV Park

Key Companies ·        British Solar Renewables Ltd

·        ContourGlobal Ltd

·        SmartestEnergy Limited

·        The Renewables Infrastructure Group Ltd

·        Good Energy Group Plc

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UK Solar PV Market Segmentation by Deal Types

The key deal types in the UK solar photovoltaic market are asset transactions, acquisitions, partnerships, equity offerings, venture financing, private equity, and debt offerings. Asset transactions had the highest number of deals in the solar PV market in 2022.

UK Solar PV Market Analysis by Deal Types, 2022 (%)

UK Solar PV Market Analysis by Deal Types, 2022 (%)

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UK Solar PV Market - Major Active Plants

Some of the major active plants in the UK solar photovoltaic market are NextEnergy Llanwern Solar PV Park, Shotwick Solar PV Park, Larks Green Solar Farm, Bradenstoke Solar PV Park, and Alpha Real Capital Innova Energy Solar PV Park. As of 2023, NextEnergy Llanwern Solar PV Park has the highest total capacity.

UK Solar PV Market Analysis by Active Plants, 2023 (%)

UK Solar PV Market Analysis by Active Plants, 2023 (%)

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UK Solar PV Market – Competitive Landscape

The key companies in the UK solar photovoltaic market are British Solar Renewables Ltd, ContourGlobal Ltd, SmartestEnergy Limited, The Renewables Infrastructure Group Ltd, and Good Energy Group Plc.

British Solar Renewables Ltd: It is a renewable energy company that offers solar PV services like designing, building, operating, and maintaining solar parks in Europe. British Solar provides ground-mounted arrays to deliver power to the grid and feed the energy users. The company delivers electricity to infrastructure projects including generation assets, housing projects, and businesses. British Solar is headquartered in Somerset, the UK.

UK Solar PV Market Analysis by Companies

UK Solar PV Market Analysis by Companies

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Segments Covered in The Report

UK Solar PV Market Deal Types Outlook (Cumulative Installed Capacity, GW, 2010-2035)

  • Debt Offerings
  • Venture Financing
  • Acquisition
  • Equity Offerings
  • Partnerships
  • Asset Transactions
  • Private Equity

Scope

This report provides:

  • A brief introduction on global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends, generation trends, and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
  • Deal analysis of the country’s solar PV market.
  • Key policies and regulatory framework supporting the development of solar PV.
  • Snapshots of some of the major market participants in the country.

Key Highlights

The report will enhance your decision-making capability in a more rapid and time sensitive manner.

Identify key growth and investment opportunities in country’s solar PV market.

Facilitate decision-making based on strong historic and forecast data for solar PV market.

Position yourself to gain the maximum advantage of the industry’s growth potential.

Develop strategies based on the latest regulatory events.

Identify key partners and business development avenues.

Understand and respond to your competitors’ business structure, strategy and prospects.

Reasons to Buy

  • The report will enhance your decision-making capability in a more rapid and time-sensitive manner.
  • Identify key growth and investment opportunities in the country’s solar PV market.
  • Facilitate decision-making based on strong historical and forecast data for the solar PV market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy, and prospects.

United Kingdom
Solar PV
Hydropower
Wind power
Thermal
Nuclear
Transmission
Distribution
Compound Annual Growth Rate
Market Size
Generation
Installed Capacity
Trends
Renewable Portfolio Standard
Auctions
Competitive Landscape
Tenders

Table of Contents

  • 1. Introduction
  • 1.1 Carbon Dioxide Emissions, Global, 2001–2022
  • 1.2 Primary Energy Consumption, Global, 2001–2022
  • 1.3 Report Guidance
  • 2. Renewable Power Market, United Kingdom
  • 2.1 Renewable Power Market, United Kingdom, Installed Capacity, 2010-2035
  • – Renewable Power Market, United Kingdom, Cumulative Installed Capacity by Source, 2010-2035
  • – Renewable Power Market, United Kingdom, Cumulative Installed Capacity Share by Source, 2022 and 2035
  • – Renewable Power Market, United Kingdom, Net Capacity Additions by Source, 2023-2035
  • – Renewable Power Market, United Kingdom, Capacity Growth by Source, 2022-2035

  • 2.2 Renewable Power Market, United Kingdom, Power Generation, 2010-2035
  • – Renewable Power Market, United Kingdom, Power Generation by Source, 2010-2035
  • – Renewable Power Market, United Kingdom, Growth in Power Generation by Source, 2022-2035

  • 3. Solar PV Market, United Kingdom
  • 3.1 Solar PV Market, United Kingdom, Installed Capacity, 2010-2035
  • 3.2 Solar PV Market, United Kingdom, Power Generation, 2010-2035
  • 3.3 Solar PV Market, United Kingdom, Market Size, 2010-2030
  • 3.4 Solar PV Market, United Kingdom, Power Plants
  • – Solar PV Market, United Kingdom, Major Active Plants
  • – Solar PV Market, United Kingdom, Snapshot of Upcoming Plants
  • – Solar PV Market, United Kingdom, Key Under-construction Projects

  • 3.5 Solar PV Market, United Kingdom, Deal Analysis, 2022
  • – Solar PV Market, United Kingdom, Deal Volume vs. Deal Value, 2010–2022
  • – Solar PV Market, United Kingdom, Split by Deal Type, 2022

  • 3.6 Solar PV Module Market, United Kingdom, 2012-2026
  • – Solar PV Module Market, United Kingdom, Market size by Type, 2012-2026

  • 4. Renewable Energy Policy Framework, United Kingdom
  • 4.1 Renewable Energy Market, Overview
  • 4.2 Policy Snapshot
  • 4.3 Renewable Energy Targets
  • 4.4 Electricity Market Reform 2011
  • 4.5 Climate Change Act
  • – Amendment 2019

  • 4.6 The Clean Growth Strategy and Clean Growth Grand Challenge
  • 4.7 Carbon Reduction target 2030
  • 4.8 Hydrogen Policy in the UK
  • – Overview
  • – The Prime Minister’s Ten Point Plan 2020
  • – Hydrogen Strategy
  • – Powering our Net Zero Future: White Paper
  • – Sixth Carbon Budget Report issued by the Climate Change Committee

  • 4.9 Renewable Energy Guarantees of Origin
  • 4.10 Renewable Obligation Order
  • 4.11 Contracts for Difference (CfD)
  • 4.12 Impact of Brexit on UK energy Industry
  • 4.13 Carbon Emissions Tax 2018
  • 4.14 Carbon Price Floor (CPF)
  • 4.15 Carbon Price Support
  • 4.16 Climate Change Levy
  • 4.17 Smart Metering
  • 4.18 Smart Export Guarantee (SEG)
  • 4.19 Strategies and legislation in Northern Ireland, Scotland, and Wales
  • – Northern Ireland
  • – Scotland
  • – Wales

  • 4.20 Review of Electricity Market Arrangements (REMA)
  • 4.21 British Energy Security Strategy
  • – Package of support for innovative energy

  • 5. Solar PV Power Market, United Kingdom, Company Profiles
  • 5.1 British Solar Renewables Ltd
  • – British Solar Renewables Ltd – Company Overview
  • – British Solar Renewables Ltd – Major Products and Services
  • – British Solar Renewables Ltd – Head Office

  • 5.2 ContourGlobal Ltd
  • – ContourGlobal Ltd – Company Overview
  • – ContourGlobal Ltd – Major Products and Services
  • – ContourGlobal Ltd – Head Office

  • 5.3 SmartestEnergy Limited
  • – SmartestEnergy Limited – Company Overview
  • – SmartestEnergy Limited – Major Products and Services
  • – SmartestEnergy Limited – Head Office

  • 5.4 The Renewables Infrastructure Group Ltd
  • – The Renewables Infrastructure Group Ltd – Company Overview
  • – The Renewables Infrastructure Group Ltd – Major Products and Services
  • – The Renewables Infrastructure Group Ltd – Head Office

  • 5.5 Good Energy Group Plc
  • – Good Energy Group Plc – Company Overview
  • – Good Energy Group Plc – Major Products and Services
  • – Good Energy Group Plc – Head Office

  • 6. Appendix
  • 6.1 Abbreviations
  • 6.2 Market Definitions
  • – Power
  • – Renewable Power
  • – Installed Capacity
  • – Electricity Generation
  • – Electricity Consumption

  • 6.3 Methodology
  • – Coverage
  • – Secondary Research
  • – Primary Research
  • – Modelling and Forecasting
  • 7. Contact Us

Table

Table of Contents

List of Tables

List of Figures

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2022

1.2 Primary Energy Consumption, Global, 2001–2022

1.3 Report Guidance

2. Renewable Power Market, United Kingdom

2.1 Renewable Power Market, United Kingdom, Installed Capacity, 2010-2035

– Renewable Power Market, United Kingdom, Cumulative Installed Capacity by Source, 2010-2035

– Renewable Power Market, United Kingdom, Cumulative Installed Capacity Share by Source, 2022 and 2035

– Renewable Power Market, United Kingdom, Net Capacity Additions by Source, 2023-2035

– Renewable Power Market, United Kingdom, Capacity Growth by Source, 2022-2035

2.2 Renewable Power Market, United Kingdom, Power Generation, 2010-2035

– Renewable Power Market, United Kingdom, Power Generation by Source, 2010-2035

– Renewable Power Market, United Kingdom, Growth in Power Generation by Source, 2022-2035

3. Solar PV Market, United Kingdom

3.1 Solar PV Market, United Kingdom, Installed Capacity, 2010-2035

3.2 Solar PV Market, United Kingdom, Power Generation, 2010-2035

3.3 Solar PV Market, United Kingdom, Market Size, 2010-2030

3.4 Solar PV Market, United Kingdom, Power Plants

– Solar PV Market, United Kingdom, Major Active Plants

– Solar PV Market, United Kingdom, Snapshot of Upcoming Plants

– Solar PV Market, United Kingdom, Key Under-construction Projects

3.5 Solar PV Market, United Kingdom, Deal Analysis, 2022

– Solar PV Market, United Kingdom, Deal Volume vs. Deal Value, 2010–2022

– Solar PV Market, United Kingdom, Split by Deal Type, 2022

3.6 Solar PV Module Market, United Kingdom, 2012-2026

– Solar PV Module Market, United Kingdom, Market size by Type, 2012-2026

4. Renewable Energy Policy Framework, United Kingdom

4.1 Renewable Energy Market, Overview

4.2 Policy Snapshot

4.3 Renewable Energy Targets

4.4 Electricity Market Reform 2011

4.5 Climate Change Act

– Amendment 2019

4.6 The Clean Growth Strategy and Clean Growth Grand Challenge

4.7 Carbon Reduction target 2030

4.8 Hydrogen Policy in the UK

– Overview

– The Prime Minister’s Ten Point Plan 2020

– Hydrogen Strategy

– Powering our Net Zero Future: White Paper

– Sixth Carbon Budget Report issued by the Climate Change Committee

4.9 Renewable Energy Guarantees of Origin

4.10 Renewable Obligation Order

4.11 Contracts for Difference (CfD)

4.12 Impact of Brexit on UK energy Industry

4.13 Carbon Emissions Tax 2018

4.14 Carbon Price Floor (CPF)

4.15 Carbon Price Support

4.16 Climate Change Levy

4.17 Smart Metering

4.18 Smart Export Guarantee (SEG)

4.19 Strategies and legislation in Northern Ireland, Scotland, and Wales

– Northern Ireland

– Scotland

– Wales

4.20 Review of Electricity Market Arrangements (REMA)

4.21 British Energy Security Strategy

– Package of support for innovative energy

5. Solar PV Power Market, United Kingdom, Company Profiles

5.1 British Solar Renewables Ltd

– British Solar Renewables Ltd – Company Overview

– British Solar Renewables Ltd – Major Products and Services

– British Solar Renewables Ltd – Head Office

5.2 ContourGlobal Ltd

– ContourGlobal Ltd – Company Overview

– ContourGlobal Ltd – Major Products and Services

– ContourGlobal Ltd – Head Office

5.3 SmartestEnergy Limited

– SmartestEnergy Limited – Company Overview

– SmartestEnergy Limited – Major Products and Services

– SmartestEnergy Limited – Head Office

5.4 The Renewables Infrastructure Group Ltd

– The Renewables Infrastructure Group Ltd – Company Overview

– The Renewables Infrastructure Group Ltd – Major Products and Services

– The Renewables Infrastructure Group Ltd – Head Office

5.5 Good Energy Group Plc

– Good Energy Group Plc – Company Overview

– Good Energy Group Plc – Major Products and Services

– Good Energy Group Plc – Head Office

6. Appendix

6.1 Abbreviations

6.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

6.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

Contact Us

Figures

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Table 2: Primary Energy Consumption, Global, 2001–2022

Table 3: Renewable Power Market, United Kingdom, Cumulative Installed Capacity by Source (GW), 2010-2035

Table 4: Renewable Power Market, United Kingdom, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Table 5: Renewable Power Market, United Kingdom, Net Capacity Additions by Source (GW), 2023-2035

Table 6: Renewable Power Market, United Kingdom, Capacity Growth by Source, 2022-2035

Table 7: Renewable Power Market, United Kingdom, Power Generation by Source (TWh), 2010-2035

Table 8: Renewable Power Market, United Kingdom, Growth in Power Generation by Source, 2022-2035

Table 9: Solar PV Market, United Kingdom, Installed Capacity (GW), 2010-2035

Table 10: Solar PV Market, United Kingdom, Power Generation (TWh), 2010-2035

Table 11: Solar PV Market, United Kingdom, Market Size ($M), 2010-2030

Table 12: Solar PV Market, United Kingdom, Major Active Plants

Table 13: Solar PV Market, United Kingdom, Snapshot of Upcoming Plants

Table 14: Solar PV Market, United Kingdom, Key Under-construction Projects

Table 15: Solar PV Market, United Kingdom, Deal Volume vs. Deal Value ($M), 2010–2022

Table 16: Solar PV Market, United Kingdom, Deals by Type, 2022

Table 17: Solar PV Module Market, United Kingdom, Crystalline Modules, Market Size ($M), 2012-2026

Table 18: Solar PV Module Market, United Kingdom, Thin-film Modules, Market Size ($M), 2012-2026

Table 19: Policy Snapshot, United Kingdom, 2022

Table 20: Renewable Obligation, Technology Eligibility, UK

Table 21: Renewable Obligation, Technology Eligibility, UK

Table 22: Renewable Obligation (ROC/MWh), UK, 2009–2023

Table 23: Renewable Energy, CfD First Allocation Round Results, UK, 2015

Table 24: Renewable Energy, CfD Second Allocation Round Results, UK, 2017

Table 25: Renewable Energy, CfD Third Allocation Round Results, UK, 2019

Table 26: Renewable Energy, CfD Fourth Allocation Round Results, UK, 2022

Table 27: Renewable Energy, CfD Fifth Allocation Round Schedule, UK, 2023

Table 28: Climate Change Levy (GBP/kWh or /kg), UK, 2016–2021

Table 29: Percentage Discount for CCA holders (%), UK, 2016–2021

Table 30: Carbon Price Support Rates* for Climate Change Levy, UK, 2015–2021

Table 31: Smart Export Guarantee Tariff, UK, 2022

Table 32: British Solar Renewables Ltd, Major Products and Services

Table 33: ContourGlobal Ltd, Major Products and Services

Table 34: SmartestEnergy Limited, Major Products and Services

Table 35: The Renewables Infrastructure Group Ltd, Major Products and Services

Table 36: Good Energy Group Plc, Major Products and Services

Table 37: Abbreviations

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