Boston, MA 05\/08\/2014 (wallstreetpr) \u2013 Sunedison Inc (NYSE:SUNE) <\/b>completed the construction of 117 MW utility scale photovoltaic (PV) solar power plants in the United Kingdom. It increases the portfolio capacity while connecting eight separated plants across the nation.<\/p>\n
Recently, SunEdison partnered with Statkraft to distribute power across the U.K. As per the agreement, Statkraft will purchase power from SunEdison\u2019s 88 MW DC portfolio for 15-years.<\/p>\n
U.K. solar market<\/b><\/p>\n
The U.K.\u2019s solar market expects a paradigm shift and will surpass Germany in solar power and likely to become the largest market for solar PV in Europe. Overall change is due to favorable government policies on Solar PV and the reduction in Feed in Tariffs.<\/p>\n
Under Renewable Obligation, several large-scale solar PV projects have completed under the collaboration that increases the installed capacity in renewable segments. Considering the latest collaborations in the industry, the solar portfolio of the U.K. valued to be ~$4.2 billion and continues to grow with increasing additional capacity.<\/p>\n
The U.K. government aims to increase the deployment of solar PV to meet the target of 15% of renewable energy consumption by 2020. European Photovoltaic Industry Association (EPIA) also expects that the PV capacity in the UK will increase from 925 MW in 2012 to 2,521 MW by 2020.<\/p>\n
So, the long-term prospects for the solar market remain positive in the UK as the end user market is very attractive in residential and commercial segments.<\/p>\n
SunEdison\u2019s solar PV market<\/b><\/p>\n
Solar PV is now driving the electricity market with favorable policy measures increase the installed capacity. The transition towards high value segments like distributed generation and residential and small commercial segments will further enhance growth. As a result, Solar PV is the growth engine for Sunedison Inc (NYSE:SUNE) and the Company continues to invest on global expansion while entering into new markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/08\/2014 (wallstreetpr) \u2013 Sunedison Inc (NYSE:SUNE) completed the construction of 117 MW utility scale photovoltaic (PV) solar power plants in the United Kingdom. […]<\/p>\n","protected":false},"author":12,"featured_media":15854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3005,6448,6449,3004],"stock_ticker":[],"class_list":["post-21590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysesune","tag-photovoltaic-pv","tag-pv","tag-sunedison-inc-nysesune","entry"],"acf":[],"yoast_head":"\n