The secondary solar market is facing a huge growth potential in Europe with many touting 2019 at being an exciting year to be involved in the sector. These were the conclusions coming out of the Solar Finance and Investment Conference held in London which discussed the overall health of the secondary solar market.

Lee Moscovitch, partner at Greencoat Capital, said that despite a retraction in the number of opportunities relating to subsidised built assets throughout Europe, secondary markets continue to grow and are “very healthy on a pan-European basis”, indicating it to be an “exciting time” to be in PV.

This was resonated by Octopus Investment’s Chris Gaydon, who said that asset holders were currently taking advantage of a lot of opportunities to squeeze value from their portfolios, including economies of scale benefits in asset management, increased buying power when negotiating power purchase agreements and larger project refinancing packages helping to improve portfolio economics.

Looking towards the UK market, we’re seeing a lot more action from a multitude of investors and an increase in investment from institutional funds has been one of the must-watch trends. A significant majority of the audience at this morning’s session - some 70% - said institutional investment would be the largest contributor to the built solar asset market in 2019.