In a report commissioned by the Renewable Energy Association (REA), KPMG has recommended a national energy strategy which looks at energy storage alongside solar in an effort to give a more coherent view of the national grid. This is on the back of a turbulent week for the renewables sector with the Government closing the RO (Renewables Obligation) for solar, the end of the Green Deal and a forthcoming review of the Feed-in Tariff. Whilst the Government’s motivation is to reduce the burden on the taxpayer by removing schemes which prove too costly, or don’t represent good value for money, it is clear that with the grid fast reaching capacity there needs to be a comprehensive review of the existing energy strategy.
Irrespective of whether new subsidies are introduced or not, there is no question that the renewables sector will continue to grow with ground mounted PV set to reach grid parity by 2020 and demand for roof mounted PV as strong as ever. A reduction in subsidy, potential changes in VAT and grid export limitations are all hurdles to the sector’s continued growth but with prices becoming more affordable and technological developments like the Wattstor IMP® providing export limitation capability we are confident that the renewable energy sector will continue to flourish.
Please follow the link to read more on the KPMG report http://www.r-e-a.net/news/new-rea-kpmg-report-solar-aims-to-be-first-renewable-to-be-free-of-subsidy
For those of our followers with a deeper interest in the Government’s policy please follow the link https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/447321/Solar_PV_within_the_RO_consultation.pdf