PRESS RELEASE: Grid Parity in PS Renewables Sights
“This is not just important for us, it’s likely to be very important for the whole of the UK solar sector, as we’re now not reliant on hitting very tight timelines and critical milestones in order to be eligible for FIT or ROC’s. Due to our steady reductions in panel prices, lower cost inverters, mounts, cable and project rights, we can look to build utility scale solar under a straight PPA arrangement. Now utility solar projects can push forward if they have the planning approved, grid allocated, enough scale and an EPC with the build experience like PS Renewables have".
For PS Renewables, this grid parity milestone means it, and the wider industry can breathe and take both existing and future projects forward with a calm head, meaning the UK gets well designed and constructed solar farms that will provide much needed renewable energy for the foreseeable future.
The Eveley Solar Farm planning permission was approved by Test Valley Borough Council on 27th July 2015. This project is now fully owned by PS Renewables and they have already enhanced the public roads coming into the site, and submitted the request to release all pre-construction planning conditions. These are due to be released in the coming days which would permit full construction to start at any time. A farm of this size would take around 5 months to build, and once connected, Eveley Solar Farm will power circa 12,000+ homes with clean energy, whilst also enabling the land to be used for sheep production and grazing.