Talking to the IEA on Thursday, the Prime minister highlighted the urgent need for energy security in a volatile world, advocating an approach that combines rapid expansion of renewables and nuclear power with continued (but managed) use of domestic fossil fuels during the transition. I noted the lack of solar being mentioned, despite being the…
With the dramatic reduction in solar panel costs over the past 15 years, we have come to view solar project economics through the cost lens. Unfortunately this downward cost trend has reversed (ref Lazards LCOE studies) and companies are having to think harder about the revenue line: volume and price. In our experience, clients consistently…
Solar PV is a cornerstone of the global energy transition. It is cost-competitive with conventional generation technologies on a standalone basis, despite costs remaining higher than 2021 due to supply chain challenges (Lazards, 2024). The UK and many other countries rely on an aggressive solar rollout to meet net-zero commitments. However, the very success of…
