THE SUN IS SHINING ON THE UK’S SOLAR ENERGY SOLUTIONS
As we strive to become more environmentally friendly, energy companies in the UK are looking for ways of providing clean energy solutions for homes and businesses. Despite the fact that the weather in the UK is unpredictable, solar energy is becoming a more viable option. Many national and international energy companies are now realising the huge potential of the UK solar energy market with projects being planned, constructed and completed across the country.
Comprising of 622 solar panels, the Sluice Farm site in the South-East England is one of largest rooftop installations in the area. The first site to be constructed as part of CBD Energy Limited’s wholly owned subsidiary Secured Energy Bonds plc. It will supply a massive 2,500,000 KWh of electricity over the next 20 years, reducing costs by 50% for the business concerned and will reduce Co2 emissions by more than 65 tonnes a year.
CLEAN AND GREEN
Solar power is predicted to play an increasingly important role in delivering clean, locally generated power the UK domestic and commercial users. Indeed, a similar solar project at Wymeswold won the inaugural Solar Power Portal Award for Most Successful Large-scale Ground Mount Solar Site following the judges’ recognition that the project was managed and delivered against a “very difficult” political background. The solar farm has been installed on low-grade agricultural land in idyllic countryside. The panels blend in with the local environment and the project encountered no objections from local residents during the planning stages.
THE WINDS OF CHANGE
The UK energy market is forecast to undergo significant change due to 21GW of coal and nuclear capacity being decommissioned over the coming two decades as ageing power plants are unable to meet international obligations for reducing carbon emissions. This means that solar power in the UK is set to soar as the government endeavours to ensure that at least 20% of the country’s total energy consumption is derived from renewable sources by the year 2020. In November2013, the solar farm at Wymeswold was bought by Foresight Solar Fund Ltd (FSFL), a company investing in a portfolio of UK ground-based solar power assets.
THE FUTURE LOOKS BRIGHT
With low installation costs, solar power promises to be the renewable energy system for the 21st Century with its predictable output capacity and low maintenance costs. Nasdaq-listed renewable company, CBD Energy have many more projects planned which will be funded via its secured energy bond scheme and it is already earning revenue for investors from the Sluice Farm project. CBD Energy’s UK subsidiary, Secured Energy Bonds was launched to raise finance to install solar panels for UK businesses with no upfront costs and the lucrative prospect of income derived from feed-in tariffs.
With such inspirational prospects, we’re sure to see more solar panels being installed across the UK to deliver a progressive and innovative energy market with a bright future.