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U.K. to be Europe's largest solar-panel market

Staff writer |
The United Kingdom will be Europe's largest solar-panel market this year, thanks to the rapid growth of its solar farms, according to NPD Solarbuzz.

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More than 120 utility-scale solar power plants have been approved for construction in the U.K., and many are targeting completion within the next 12 months, NPD Solarbuzz said in a report. The U.K.'s government has set a target of 20 gigawatts of cumulative solar capacity by 2020. Solar power farms will provide the bulk of the contribution. The Germany will be dethroned, according to the report.

China, Japan, and the U.S. were the top three solar markets in 2013, with Germany fourth and the U.K. rounding up the top five, NPD Solarbuzz said in a research note in March. Analysts had said then they expected a broader shift to Asia as the solar-panel market in India and Thailand grows.

A few Chinese-based manufacturers said earlier this month they expect to sell fewer solar modules in the first quarter than what they forecast, blaming seasonality and company-specific hiccups.

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