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April 2015 FIT degression triggered by rising PV

April 2015 FIT degression triggered by rising PV

According to statistics from the Department of Energy and Climate Change (DECC), the FIT rate for both 0-10kW and 50kW-5MW capacity bands will degress by 3.5% from April 2015.

This degression has been triggered by the residential sector through growth, as opposed to an automatic degression which occurs every 9 months. This is the first time this has happened since 2012, according to the Solar Trade Association (STA). The figures indicate that in Q4 2014, 124MW of capacity was installed within the 0-10kW band.

These latest figure really demonstrate the growing popularity of Solar both in the domestic and commercial roof tops as well as the smaller solar farms.

In the last 3 months we have seen high levels in large rooftop installations with 33MW of solar installed in this time. However in order to reach the industry’s main goal of subsidy-free solar we will need to see more of this.

There will be no change to the 10-50kW tariff in April after 38MW of capacity was deployed in Q4, some 12MW short of its deployment trigger. Please see the changes outlined in the below table:

0-10kWOct - Dec 201439,545123,6883.5% degression1st April to 30th June 2015
>10-50kWOct - Dec 20141,27438,172No degression1st April to 30th June 2015
> 50kW and StandalonesOct - Dec 201417552,7743.5% degression.1st April to 30th June 2015

 

To find out more about zero subsidy please visit the STA’s solar independence plan. The UK took high advantage of the solar PV FIT in 2014, in total around 700MW of new generating capacity was added under the FIT scheme which is to power 200,000 homes. 

 

Posted by:Ecolution Products Limited

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