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"UK solar sector is booming"

Supporting the UK solar industry, Foresight Group head of infrastructure investment Jamie Richards tells Fundweb the sector is thriving due to falling costs and a stable and supportive regulatory framework.

According to Mr Richards, its recent success has created growing demand amongst investors for ways to access the attractive, low-risk yield with the potential for capital growth that the sector has to offer.

“There already exists a number of ways in which private individuals can invest in the UK solar industry, including listed renewable energy companies, as well as, solar VCT and EIS funds which offer certain tax advantages,” Mr Richards added.

A significant attraction of the UK solar market is its forecast growth in the years ahead, according to Mr Richards. He said growth will affect the availability and price of new assets coming to market and this should be a key consideration for any investor.

He argues that the UK solar sector is booming with installed capacity reaching over 4GW in 2013 across thousands of projects.

Despite recent headlines, growth is expected to continue with the Department of Energy & Climate Change (DECC) targeting 10GW of installed solar capacity by 2020.

In April, DECC published proposals to introduce a new mechanism for supporting large-scale solar projects from April 2015 known as a Contract-for-Difference.

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