According to the prediction of IMS Research, a global analyst firm, a feed-in-tariff for photovoltaic systems announced by the UK Government could lead to significant improvement in the nation’s PV market.
According to the analyst firm, the UK Government has supported the wind and nuclear power to meet its commitment to increase the supply of energy from renewable energy sources. Due to this policy, the PV market in the country has not performed well. But, with the announcement from the government of a feed-in-tariff, the PV market in the country is set to get a fillip. For systems with capacities up to 5 MW, the government will pay up to 41.3 pence per kWh.
Renewable Energy Research Director, Ash Sharma, said that the feed-in-tariff announced by the government is higher than that was originally proposed. PV market in UK will significantly expand due the support from the government but will take time to see results, since all the installers have to be registered under the scheme, Ash Sharma added. Sharma further said that in 2009, the UK added just 5 MW of new PV power and with the fee-in-tariff introduction, the country could add up to 250 MW of PV power by 2011. During last three years, about 6,000 MW of new PV power was commissioned in Germany.