MAGAZINE: Solar energy scheme helps small businesses
As part of the new Energy Bonds scheme, farmers and factory owners can convert their roof space to mini solar farms at no cost to themselves in exchange for significantly reduced energy bills.
The solar panels collect energy from the sun, even on cloudy days, and convert it to electricity.
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Hide AdThe scheme is possible due to the government’s commitment to providing subsidies to green businesses and underwriting energy efficient schemes in order to meet Kyoto Protocol carbon emission reduction targets.
The announcement follows a growing interest and increase in similar schemes across Britain. At the end of 2011, 230,000 solar powered projects were already up in running in the UK generating 750 megawatts which had increased to 1,000 MW by February 2012.
Furthermore, last year the government predicted that around four million homes across the nation would be powered by the sun by 2020.