1. SOLAR POWER AND FIT
- MARKET UPDATE
Loyd Davies, MD, ElectrAssure Solar
2. WHY DOES THE UK NEED TO INVEST IN
RENEWABLE ENERGY?
¢ Energy security
— Aging UK coal fired and Magnox nuclear power
stations forced to close in 2015 (Source: OFGEM)
¢ Climate Change
— 1997 UK 88.1% dependent on fossil fuels
— 2007 - UK 91.3% dependent on fossil fuels
Source: Guardian 25th March 2009
— Third worst %age renewable energy use in the
EU (Source BERR, 2005)
¢ Feed in Tariff (FiT) introduced in April 2010
— Solar Power, Wind, etc
3. FEED IN TARIFF INCENTIVE
¢ £7-15,000 investment
¢ Return of 6-12% pa
¢ RPI Index-Linked
¢ 25 year contract
¢ Non-taxable
¢ Electricity bills reduce by 25-50%
¢ House increases by the value of your
investment
¢ Profit ~£10,000-£35,000 over 25 years
4. SOLAR POWER THE GERMAN EXAMPLE
¢ FiT scheme introduced in 2000 similar to current UK
scheme
¢ German solar PV industry
— 10,000 companies (SMA, Schueco etc), 63,000 jobs in 2009
5.
6. NERVOUS UK SOLAR MARKET!
Total Installations
4000 CSR, fears
3500 over FiT
3000 rates &
Feed in contract
2500 Tariff
Introduced
2000
1500
Total Installations
1000
500
0
7. GROWTH RESUMES.......
¢ No change to FiT, Government confirm commitment
¢ Component prices reduce by 10-15% from January
¢ Wholesale electricity prices rise by 25%
¢ 5MW solar farms planned in Kent, Bucks, Cornwall,
Ely
¢ BUT
government
to restrict
large scale
FiT projects
8. USING SOLAR PV TO ADDRESS
ENERGY POVERTY
Welwyn and Hatfield project for 400 homes
Birmingham City Council project for 10,000 homes
Reduce tenant s electricity bills by 30-50%
Use Feed in Tariff to fund the PV installation
10. ELECTRASSURE-SOLAR
Strong team with PV experience
Experience of complex systems
Premium domestic installations
Commercial and industrial
installations
Quality components, local, UK, EU
product bias
loyd_davies@electrassure-solar.com
www.electrassure-solar.com