Solar Seen Competitive in U.K. Without Subsidy in 18 Months
- National Grid expects further declines in cost of renewables
- Outlook supports government's decision to slash solar support
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Solar power in the U.K. may cost about the same as energy from conventional sources within 18 months, according to the nation’s grid operator.
“What this means is that you’ll no longer need a subsidy,” Andrew Bonfield, finance director of National Grid Plc, said in an interview. “Given the falling costs of solar panels and better penetration and manufacturing, people in our organization are estimating parity with other sources of generation in 18 to 24 months.”