British solar could be subsidy-free by 2020 says report
Solar power will be a competitive energy source in Britain as early as 2020, according to a report which uses the German market as a benchmark, writes Edie.net.
The Berlin-based think-tank Thema1 concluded that the three markets in solar power – large-scale “solar farms”, commercial and residential rooftop – will be economic without support in Britain within the next decade.
“We are firmly convinced that solar will become the bedrock of the global power system going forward,” said report author Gerard Reid, a partner at corporate finance company Alexa Capital, which finances low-carbon energy projects in Germany and Britain.
“That said the road going forward is unchartered and difficult. Our message to the UK government is to reduce support for solar but do so gradually.”