New solar panel installation rates in Britain have more than tripled in the last year, according to Drax’s ‘Electric Insights’ quarterly report for Q3 (July to September).
Citing predictions for Rystad Energy, the report noted that 2.9GW of both domestic and utility-scale solar had been installed between 2022 and September 2023, bringing Britain’s total to 18.1GW.
Bird exclusion mesh (Image: Tanjent Energy)
This signifies massive growth in solar panel installation rates compared to the 0.9GW added between 2021 and 2022.
This means 2023 is set to see more solar photovoltaic (PV) capacity installed than in the past six years put together.
And this growth is set to continue, as the electric services company reveals that Britain is forecast to install 4.6GW of solar capacity in 2024.
Graph: Drax/Data: Rystad Energy.
However, as solar capacity grows, wholesale power prices will plummet due to the technology not being centrally dispatchable – meaning that solar will continue to export to the grid regardless of demand.
This is a particular concern during periods of lower demand such as summer, for example, the ten sunniest days in Q3 saw net demand hit a minimum of 18.9GW, typically at 2pm revealed Drax.
Read more on solar panel installation rates: SolarPowerPortal
For more information on Solar Panels and Battery Systems in Hertfordshire contact Tanjent Energy.
