“We have been paying the price for our exposure to gas for far too long, and we have to do what we can do to remove that volatility, and this sprint at our own power is part of that,” said Michael Shanks MP, parliamentary under-secretary of State, State for Energy, who has organized the Solar Media, organized by Solar Media.
Many of Sank’s comments were aimed at the financial robustness of the British solar industry. Since solar energy is one of the leaders in falling level figures of electricity (LCOE) in the room for renewable energy, there is a growing interest in investing in the global sun sector, and the minister spoke extensively about the fact that the VK is an attractive investment space for those support projects.
“But it is also about how we invest in supply chains and jobs in this country … so we can benefit throughout the country,” Sank continued, and emphasizes how achieving British sunshots not only requires the installation of new capacity, but a more extensive investment of industry in grid infrastructure, production capacity and training.
He gave his speech at the start of two days of discussion about the UK Energy space, which starts a critical moment after the publication of the long-awaited UK Solar Roadmap. The plan is intended to install solar systems on nine million houses by 2030 and to increase the total operational solar capacity of the UK to 47 GW towards the end of the decade.
Respond to the route map
It is not surprising that the British solar route map was an important topic of conversation during the event, in which Shanks explained that Prime Minister Keir Starmer had made the clean power goal a “national mission”. He emphasized that strong financial fundamentals should support this transition in his speech at the start of the tops, and mentions the energy transition “the economic chance of the 21star century”.
Shanks pointed out that achieving these goals, and in particular the type of investment that is needed to achieve these goals, would require significant cooperation between the government and the industry.
However, the enormous scale of investments in the global sun sector – which exceeded US $ 500 billion in 2024 – means that the hunger for new investments “has been cooled”, according to James Pinney, scooter of North Europe in Cubico Sustainable Investments, which spoke with PV Tech rather this one year (Premium Access).
Read The full version of this story (Premium Access), including the coverage of the British investment landscape and plans to connect the Green Skills Gap, Our sister site PV Tech.
