Fronius: Great Britain increasing residential market with self-consumption - consequences of Brexit unclear

6/29/16, 8:00 AM -

The impact on the further market development of Britains Brexit vote cannot seriously assessed at present, Wolfgang Hink, General Manager UK of Fronius says. But he is quite optimistic about the growth perspectives due to the developing residential market and self-consumption in the UK.

Fronius sold inverters for 120 MW residential solar applications in UK in 2015 and sees good growth opportunities. One of the references is a 3,46 kW rooftop installation for a family home in Banbury, Oxfordshire with a Primo inverter.

“Generally the residential market in Great Britain is huge”, Hink says. So far revenue was high. In 2015 Fronius sold 120 megawatts for residential applications in Great Britain. The company collaborates with more than 1,600 installers including 120 Fronius service partners.

Attractive market with increased self-consumption

  “In the medium-term the British market will stay interesting for us, because we see a development from solar parks to self-consumption”, he stresses. “This is serving us well, since our inverters are developed for smart power supply concepts”, the General Manager UK of Fronius says. Although he expects a market consolidation in the coming months. Since conditions are similar to countries like Germany or Austria there would be no special technical challenges for the configuration of installations, Hink states. This makes market entry easier.

Reference project: payback period of 9.95 years

As a reference example he refers to a residential rooftop installation in Banbury, Oxfordshire, northwest of London: A 3,46 kilowatt single phase system with a Fronius Primo 3.6-1 inverter and eleven LG315NIC-G4 Neon Black modules, that was commissioned in November 2015.  Yearly performance is calculated with around 3.250 kilowatt hours. The home owner, that runs the system gets a feed-in-tariff of 12.92p per kilowatt hour (16 Eurocents/kWh). The total installation costs were 4.180 GBP (5.046 Euro). The investment will have paid for itself within 9.95 years, according to Fronius.

At the moment it would be pure speculation to estimate the coming effects of the Brexit vote, Hink says. (HCN)

Watch out for more news about UK: http://www.pveurope.eu/News/Energy-Storage/SMA-Sunny-Boy-Storage-2.5-now-available-in-UK

http://www.pveurope.eu/News/Markets-Money/British-retailer-M-S-partners-with-non-for-profit-Energy4All-to-crowdfund-solar-panels-on-its-stores