ReneSola Ltd SOL has recently sold its 4.3-MW community solar portfolio to Atmosclear Investments, a European renewable energy and cleantech private equity group. The solar portfolio, comprising1,509 residential rooftop projects, is located in Scotland.
Solar Power Prospects in the United Kingdom
Per a report published by Mordor Intelligence, the solar power market in the United Kingdom is forecasted to see a CAGR of more than 5% during 2020-2025. Notably, solar photovoltaic projects at utility-scale and installations in recent times have been significantly growing in the country.
In particular, favorable government policies to decrease carbon footprints, declining costs of solar technologies and subsidies on solar systems are driving the solar power market in the United Kingdom.