Renewables Category
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Report on Scottish Islands renewables
The UK and Scottish Governments have published a report which considers the evidence base for developing renewables projects on the Scottish Islands. The study acknowledges that there are significant potential benefits to such schemes but highlights the considerable costs that would need to be overcome. Key conclusions are: Renewable generation, including onshore wind, wave and tidal, on the Scottish Islands could make a significant contribution to the UK’s 2020 renewables target.s The cost of deploying renewables is higher than ...
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Growth vouchers to give micro business boost
The Government is promising to helping thousands more new businesses get off the ground by expanding its Start-Up loan scheme and opening up further the £230 billion worth of public sector contracts to the smallest firms. The scheme helps with the development of business ideas by providing a typical loan of £4,500 with mentoring support. Since the autumn, it has made 3,768 loans worth around £16 million and according to enterprise adviser, Lord Young, many of ...
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CMM Rural heads for bootcamp
CMM managing director, Graham Allen, will be in attendance at the 2013 Enviro-Entrepreneur Bootcamp, a major event hosted by the Nottingham CleanTech Centre (NCTC), for anyone with a cleantech business idea. From the 15th to 17th May, entrepreneurs, start-ups and small companies, who are developing products or businesses in the low carbon and environmental goods and services sectors, can benefit from an intense three-day programme delivered by seasoned cleantech entrepreneurs, business experts and investors. Sessions include: Clarifying your ...
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Renewable Energy Exchange launches networking events
The Feed-in Tariff and the Renewable Heat Incentive mean that those who invest in renewable technologies can claim payments for the electricity and heat they generate. According to the Renewable Energy Exchange (REX), the prospect of guaranteed long-term revenue streams and limited exposure to rising energy prices has already created huge interest. And now, with the upcoming Green Deal programme, there will be further financial incentives for businesses and homeowners to invest in both renewable technologies and ...
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RSA raises profile in renewables sector
RSA has raised its profile in the renewables sector by insuring the construction and the operation of the largest wind farm project in the Netherlands. Work on the Noordoostpolder Wind Farm near Emmeloord began in February and the first batch of 26 wind turbines are expected to be completed in the first half of 2014. They will have a height of 135 meters and a blade diameter of over 127 meters, making the turbines the largest of ...
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Government update on heat strategy
One year on from the launch of the UK’s first ever heat strategy, the Government has set out the next steps to ensure low carbon heating plays an important role in the nation’s energy mix. The scale of the challenge is huge, with over 80% of heating used in UK homes, businesses and industry produced by burning fossil fuels, and over a third of the UK’s carbon emissions coming from the energy used to produce heat. However, ...
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Autumn Statement: investment allowance raised to £250k
In today's Autumn Statement, Chancellor of the Exchequer, George Osborne, announced a temporary increase in the Annual Investment Allowance, from £25,000 to £250,000 for two years, with the move aimed at supporting small and medium-sized businesses. In addition the Chancellor set out plans to create a £1 billion Business Bank to help smaller firms access finance and support. The Country Land and Business Association has welcomed the increase in the investment allowance saying it could kick-start investment ...
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Government backs major tidal energy projects
The Government is to back a range of major research and development projects that will focus on generating tidal energy at scale, while addressing the technological challenges faced in the deployment of arrays in the waters off the north and western coasts of Scotland. The UK’s innovation agency, the Technology Strategy Board, and Scottish Enterprise will undertake the work in collaboration with the Scottish Government and Highlands and Islands Enterprise. Over £6.5 million will be invested in seven ...
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German reinsurer invests in UK wind farms
A German reinsurance company with plenty of funds to invest has acquired three UK wind farms. Munich Re has purchased TIR Mostyn in North Wales with a capacity of 21 MW; Scout Moor near Manchester with 65 MW; and Bagmoor in Lincolnshire with 16 MW. Scout Moor, which is one of the largest onshore wind farms in the UK, has been sold by private equity firm HgCapital. Commenting on the move, Munich Re spokesman, Holger Kerzel, said: "The UK represents ...
