Tuesday, 24 April 2012

UK large solar power projects still offer good returns

UK large solar power is "back on" for developers who can build and supply electricity on-site for industrial customers, British Gas' Chris Morrison said late Wednesday at a seminar held by legal firm SNR Denton.

Morrison, head of commercial for British Gas New Energy, a division of Centrica, said there was a viable business in developing large solar photovoltaic plants on land leased from a client who is then supplied directly by the plant, avoiding transmission connection fees.

Large PV plants initially attracted a GBP300/MWh ($482/MWh) feed-in tariff under the UK government's FiT scheme, Morrison said.

This rate allowed British Gas to build a 4.1 MW solar plant on Toyota-owned land in Derby and supply the company for free in exchange for a 25-year leasehold on the land.

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