STA analysis shows "how inexpensive solar has become"

The Solar Trade Association has carried out some analysis into solar PV which highlights that the source could provide the same amount of electricity for half of the subsidiary cost.

The analysis shows a combination of solar, storage and other flexible mechanisms could contribute a reduction of approximately 50% in costs in comparison to Hinkley Point C over its 35 year lifetime.

Mike Landy, Head of Policy at the Solar Trade Association said:

“We hope this analysis makes people stop and think about how inexpensive solar has become and how competitive it is against other forms of low-carbon generation.” “We are not saying that solar is the solution to all our energy problems, nor that it could completely replace other technologies. However the Government needs to explain why it is drastically cutting support for solar energy whilst offering double the subsidy to Hinkley Point C. It also needs to explain why it is championing overseas state-backed utilities over British solar companies which given stable support would have considerable growth prospects.”