The UK’s renewable energy market continues to grow, generating 11.3% of the energy we consumed last year compared to 9.4% in 2011.
And it seems like more and more businesses are recognising the potential benefits and investing in some long term energy methods.
Ian Burrow, Head of Renewable Energy at NatWest and RBS takes a closer look.
Although there were mixed feelings in 2012 with the government’s Energy Bill in November generating some debate among commentators and investors, the future appears to be bright for renewable energy projects.
Renewable energy technologies are becoming increasingly attractive as businesses and landowners recognise the potential of renewable energy and the chance to reduce their reliance on fossil fuels, reduce costs and provide a positive environmental impact.
This is particularly true in the farming community where opportunities are rife to make solid investments for the future.
RenewableUK estimates that the average farmer can make between £12,000 and £50,000 a year through utilising renewable energy.
In July 2011, NatWest launched a dedicated Renewable Energy Fund to support businesses looking to install wind turbines and solar panels.
Since the launch of the £50million fund, interest has grown notably.
Renewable energy is the way forward