renewable energy

Even though the world is moving towards renewable sources of energy, there are some common myths surrounding solar energy panels. Even though solar energy is best for domestic usage and have low carbon footprint, some people fear about the cost of installation and other expenses. Due to these wrong beliefs, many UK households give second thoughts to this very natural source of energy. Find here, the answers to common myths surrounding solar energy: Solar panels are costly: Although, solar panels have been expensive in the past, they have become cheaper now. The cost of installation is also affordable and as they are an efficient source of energy, the energy bill and overall expenses also gets minimised with the use of solar panels. In addition, schemes like the Feed-in tariff and ‘rent a roof’ makes installation and other charges quite affordable. This way, the total cost would reduce to a bare […]

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UK churches ditches fossil fuels for renewable energy Churches across Britain are taking responsibility to make a greener planet. According to figures around 3,500 churches have registered to switch to renewable energy in order to reduce their carbon print. They have given away energy generated from fossil fuels and are joining more hands in their initiative. The Big Church Switch campaign is carrying this plan to make a greener world. According to figures, 2,000 churches that belong to 16 Catholic dioceses and one third of Quaker meeting houses are using 100% green energy. Moreover, 700 churches from different denominations have also registered with this campaign. The Rt Revd John Arnold, Bishop of Salford explained the reason to support and follow this initiative saying that “There are many ways in which we may respond to the threat and the reality of climate change and adopting renewable energy for our church buildings […]

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In 2002 the Renewable Obligation (RO) bill was enacted forcing UK energy suppliers to increase the amount of energy derived from renewable sources to 34% by the year 2020. For those that only wish to get energy from renewable sources can choose a green energy tariff or a green supplier . The other option is to generate your own green renewable energy. It must be said that green tariffs and green suppliers on average are more expensive than conventional tariffs made from a mix of renewable and non-renewable sources. Renewable energy in the home The Government’s introduction of Feed-in Tariff scheme (FITs) has helped more houses and businesses than ever before to create their own low-carbon energy. The FITs incentivises households and businesses by paying them to generate their own renewable energy source, which can be used or sold back to the grid.  FITs is available for a number renewable […]

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After the government announced its plans to slash the UK feed-in tariff by 87% from January 1st 2016, the UK secretary for energy and climate change, Amber Rudd, has stood by the decision. Despite the proposals receiving sustained criticism from various supporters of renewable energy, the energy secretary insists this is the best way for the government to “get to grips” with supporting the move to cleaner air. Writing in a column for Business Green she reiterated that the government is committed to achieving this transition in “the most cost-effective way possible”. However, there is an admittance of overspending on subsidies which has been put down to the phenomenal success of the feed in tariffs (FIT) and solar. Amber Rudd comments: “Take-up has been so great that we expect to achieve our ambition [of supporting 750,000 installations by 2020] by the end of this year. But this has meant that […]

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There has been talk of serious, meaningful investment by those looking for both profit and renewability in the future, and we are now starting to see the evidence for this in the market. Elliot Capital Advisors, the UK arm of American investing power Elliot Management Corporation, has put £100 million into 5 or 6 unnamed solar projects that are operating around the UK. This is part of the growing trend that should see renewable energy in a place of priority for new investment in the UK. Many have called for more urgency in private and public investment in solar, wind and hydro power, but the action has been slow to arrive. And even now that it is arriving, it falls far short of the investments made into fossil fuel companies around the world. In 2013, £8 billion was invested in the market through renewable energy companies. As statistics this week […]

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In just over a decade, Britain has gone from producing more than 100% of the energy requirements for its citizens, (in the form of oil, gas and others sources of energy) to only producing 54% in 2013. It was a slow decline into dependency, with 15% needed to be imported in 2005, 25% imported in 2008, 35% imported in 2011 and 42% imported in 2012. It would be easy to wave this off as a natural depletion in our energy reserves and a growing European trend to source its energy from abroad; however the figures do not match up. More than 60% of our European neighbours have managed to reduce their reliance on foreign energy imports in the last decade, meaning that Britain has made some serious mistakes along the way. One such mistake has been the lack of investment in the North Sea oil and gas reserves. With large […]

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  Crowd funding platform, Abundance, aims to work with over 20 communities in the UK in 2015. Their aim is to facilitate shared ownership of renewable energy projects to allow renewable energy developers access to the much needed funds. As part of the UK governments community energy strategy, which aims to see local communities obtaining ownership of wind and solar developments, investors can get between 7% to 10% return. Karl Harder, M.D of Abundance, commented “shared ownership is a turning point for energy generation in the UK…we are reducing risk and cost of raising capital, creating a meaningful return for investors and developers”. Moreover the service helps developers by offering a “project pledging”, which enables developers to engage the local community to ensure a positive result. To add, Abundance is regulated by the Financial Conduct Authority allowing it to provide financial advice to the stake holders and to service debt […]

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