Proposed changes to large-scale PV incentives by UK’s Department of Energy and Climate Change (DECC) has led to a slowdown in installations, forcing market research firm, NPD Solarbuzz to lower its market demand forecast for the country.
In a guest blog at PV Tech’s UK sister website, Solar Power Portal UK, Finlay Colville, vice-president of NPD Solarbuzz said that third quarter PV deployment in the UK reached 295MW, lower than previous expectations and that it was downgrading its annual forecast to 2.4GW.
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The UK had been touted to become the largest market in Europe in 2014, potentially installing as much as 3GW.
Recent official figures from Germany indicate PV installations in the first eight months reached around 1.5GW and could be on track to exceed 2GW, closing the gap with the UK revised forecast from NPD Solarbuzz.
Problems with grid connections in Japan, as revealed by PV Tech could lead to a downgrade on installation figures for the second largest PV market.
However, the largest market, China is still expected to meet forecasts of around 13GW in 2014.