The UK’s Department of Energy and Climate Change (DECC) released last week the third investment report titled Delivering UK Energy Investment: Low Carbon Energy highlighting the success in the low carbon energy sectors which has made the UK low carbon energy landscape attractive to investors from the UK and abroad.
Key facts on Solar Photovoltaics (PV)
- The solar PV sector recorded £11.4 billion of estimated investment between 2010 and 2014.
- In 2013, the solar PV sector and its supply chain supported 34,400 jobs – an average annual increase of over 20% since 2010.
- The UK has a total capacity of around 5 GW of electricity generated by around 650,000 PV installations.
- In the year to Q3 2014, solar PV provided around 1.7% of the UK’s total electricity generation. By 2020 it could account for around 3-5% of our electricity generation, powering the equivalent of around 2.5 million to 3.3 million homes.
- In the lifetime of this Parliament alone, some 99% of the UK’s current total solar PV has been installed.
For more details see report below.
Source: An overview of the investment secured in low carbon energy since 2010 by GOV.UK. Image Credit: Seth Anderson via Flickr.