Last week, DECC released the results of the contracts for difference (CfDs) auction and just 5 solar projects were successful, totaling 72MW. After April 1st, solar projects over 5MW will no longer be eligible for the Renewable Obligation scheme, the UK's incumbent subsidy. Currently, the economics have not caught up with the subsidy drop-off and solar isn't ready to compete yet but it will be. Prices have come down drastically year-on-year and the UK is on a path to hit around 8GW of installed solar in 2015.
Solar Media is hosting a major finance meeting next week which will address these issues and much more. Speakers have confirmed from DECC, the European Commission and the organisations responsible for future market operations; the Low Carbon Contracts Company, National Grid Delivery Body and Committee on Climate Change.
The meeting also brings together around 200 bankers, private equity, listed funds, yield-cos, developers, off-takers, crowd-funding platforms, bond experts and institutional investors. Lastly, discussions will unveil how both ground-mount and rooftop solar can continue to grow across the UK with Lark Energy who have just launched a commercial solar proposition, BNRG, Amber Infrastructure, who worked on the M&S installation and many more.
Jeremy Leggett, founder of SolarCentury and Board Member of the Carbon Tracker will give the keynote address and Sean Kidney, CEO of the Climate Bonds Initiative will chair the first day.
Conference quick facts: