Commenting on the surge in solar panel installations in the UK, Gabriela Herculano, manager of the iClima Global Decarbonisation Enablers UCITS ETF (CLMA), said:
“Residential electricity users want security of supply, predictability of costs and (increasingly more) decarbonizing sources of electricity. The energy crisis, exacerbated by the war in Ukraine, is accelerating the adoption of the key short term solution to this trilemma: installing solar panels on suitable rooftops. Unlike electricity generated from fossil fuel, inflationary and unreliable, solar panels have consistently decreased in cost. As the spread between the cost of electricity from the grid (impacted by high NatGas prices) and the cost to generate green (behind the meter) electricity widens, the more we will see UK consumers adopt the technology.
“What is an exciting consequence of increase in the number of installation of solar rooftops is to see the same UK consumers embrace similar short term solutions: energy efficiency via use of smart meters, smart thermostats and insulation improvements. Similarly, retrofitting heat pumps and installing stationary batteries also behind the meter. The house of the future in the UK manages its electricity in a much more efficient way. Better for the planet and better for the consumers’ pockets.”
The latest Monthly Report for iClima Global Decarbonisation Enablers UCITS ETF (CLMA) can be found here.
