PWC/STA Solar Report - Seeing through the Gloom

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The UK has entered a highly uncertain period following the vote for Brexit, but uncertainty was a defining characteristic of the outlook for the solar industry even before the EU referendum.

Concerns about solar investment will be exacerbated by the decision to leave the European Union and the expectation of a turbulent period of economic adjustment.

Furthermore, National Grid recently warned that underperformance in heat and transport means the UK will miss its legally binding EU target of meeting 15% of energy demand from renewables by 2020.

However, it would be premature to reach too many conclusions about the implications of Brexit for solar with so many things yet to be negotiated.

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