Monika Paplaczyk, Chief Investment Officer at Thrive Renewables, who up to PV Tech Premium About the British sector for renewable energy this week, said that the British delivery of solar energy is becoming increasingly complex.
The interest in the British renewable sector in general, and the sun industry in particular, grows, as we approach the one-year anniversary of the election of the Labor government, which is in particular more renewableities than its predecessor and the upcoming launch of the Solar Roadmap to set the long-term plans of the VK for the industry.
In conversation with PV Tech A few days before the Clean Power 2030 SummitsWhere She will speakBe Paplaczyk on a number of challenges for the British energy sector, namely that the raster infrastructure of the country will have difficulty accommodating all this renewable energy capacity, and in particular the continuing use of solar projects will saturate the market, and the strong business case for solar energy for solar energy will reduce.
“One of the biggest challenges that I see in my role of Chief Investment Officer is how rising interest rates and inflation within the Supply Chain increase capital costs and put more pressure on the project economy, making the delivery more complex,” said Paplaczyk, who emphasized some of the financial challenges, on the fiddling of the west.
Supply Chain -Problems Including The collapse of the European solar manufacturer Meyer Burger And uncertainty about the viability of global trade Threaten the business case for solar energy, of which Paplaczyk said it is exacerbated by uncertainty about the decrease agreements that are used to gain the power of these projects.
She also acknowledged the problem that the long and busy queue presented to connect to the electricity grid. “Limited connecting capacity and inefficient queue management have delayed the time lines, which means that projects can wait for months or even years before they can add new clean capacity to the grid,” Paplaczyk added.
Grid connection slows down improvement
Paplaczyk, however, noted that steps are being taken to improve or completely silk, delays from the grid connections in the UK.
“In April, Ofgem approved the great reform in the schedule connection process, with the aim of accelerating progress in the direction of clean power in 2030 by pushing ready -to -haired projects to the front of the queue,” Paplaczyk said. “Moreover, there are proposals to ensure that smaller projects such as micro -zonne and community energy have no delays due to large transmission upgrades.”
Thrive Renewables invests in the clean energy sector. Paplaczyk explained: “Although we believe that wind and solar energy are just as important, they are confronted with various market dynamics. For example, Solar has benefited from falling technology costs and faster implementation period lines, but projects now see the tightening of the market sealing and the exposure.
“Although onshore wind in England is back on the table after the removal of the facto ban, grid connection times remain an important obstacle to progress.”
Paplaczyk, however, noted that this difference in market dynamics did not make its work particularly more difficult, instead of its and other investors, to newer types of projects, such as hybrid projects, which combine various renewable technologies at a single location and generation facilities with battery energy storage systems (Bess).
“Instead of looking for new wind or solar opportunities, we are increasingly focused on hybrid and co-location models-for example, a wind site that can also organize a battery or solar array,” she said.
“This ensures that projects make optimum use of the grid connection that is available and builds up financial resilience.”
“I look forward to attending the Clean Power Summits, where I expect that many of these issues are central to the discussions. It will also be interesting to investigate how solutions such as blended finance, community participation and policy reform can help them overcome,” Paplaczyk said.
The full conversation with Paplaczyk is available with a premium subscription on PV Tech.
Monika Paplaczyk, Chief Investment Officer at Thrive Renewables, will speak on Solar Media’s Clean Power 2030 Summits. She joins an agenda full of industrial and government votes, including Minister of Energy Michael Shanks.
The Schone Power 2030 -Tops combine the UK Solar Summitthe Wind Power Finance & Investment Summit and the Green hydrogen top.
The tops are held in London on 1-2 July. View the agenda and book tickets here– Use our discount code SPP20 for a discount.
