The UK Government has not only committed £50 million of existing funding to help developing countries tackle climate change, but it is also revising its estimates for 2015 solar deployment.
The UK’s Department of Energy & Climate Change (DECC) released solar PV deployment figures at the end of May, which showed that overall UK solar PV capacity at the end of April had reached 6,562 mW.
Solar PV capacity at the end of the first quarter stood at 6,521, an increase of 25% on the end of Q4’14, “due to unaccredited large-scale sites deploying ahead of the end of the [Renewable Obligation] year.” According to the DECC, these Q1 statistics represented 687,642 installations, a 5.7 increase on that at the end of 2014 Q4.
Capacity commissioned under the country’s Renewable Obligation stood at 2,327 MW at the end of the first quarter, another 15% increase from 2014 Q4.
Beyond its own borders, however, the UK is also looking to facilitate the battle against climate change in developing countries. The country’s Climate Development Finance Facility has received another £50 million, intended to “reduce poverty by helping developing countries to take up low carbon growth and adapt to the impacts of climate change.”
Specifically, the Climate Development Finance Facility is described as “an innovative cradle-to-grave finance facility for medium to large scale (between 25-75 MW) renewable energy projects in developing countries.” Its aim is to provide funding for such projects across developing countries, supporting through the construction phase and including a re-financing facility.
The governmental finances come only a few months after the UK Green Investment Bank similarly directed £200 into developing renewable energy end energy efficiency projects in developing countries.