24 Feb '15, 11am

UK developer Lightsource sets aside US$193 million for rooftop solar: UK developer Lightsource Renewable Energ...

Lightsource's 5MW install for Bentley Motors in the UK. Source: Lightsource Renewable Energy. UK developer Lightsource Renewable Energy has earmarked an investment of £125 million (US$193 million) for the country's rooftop solar market. The company is approaching 1GW of ground-mount projects but with support for larger sites on the wane in the UK , it is looking to develop its rooftop portfolio. It has already begun developing a network of installer partners and has said it will back a £0.05/kWh (US$0.077/kWh) power purchase agreement (PPA) for resulting projects. It hopes the funds will deliver 120MW of installations on commercial and residential solar including on schools and social housing. “Over the last few months, Lightsource has worked persistently to address the barriers to rooftop solar deployment,” said Nick Boyle, CEO at Lightsource. “The biggest breakthrough ha...

Full article: http://www.pv-tech.org/news/uk_developer_sets_aside_us193...

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