Is there green in green power for green growers? The U.K. bank Barclays thinks so, announcing a £100 million fund (about $160 million at current exchange rates) to help farmers embrace renewable energy, including wind, solar and hydro.
“What farmers see is a win-win – lower costs and increased income, and the majority expect the investment to pay for itself in under 10 years,” said Travers Clarke-Walker, product and marketing director for Barclays Business. “Meaning they are looking forward to many further years of lower energy costs and a potentially new income as they sell energy back to the grid.”
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