With the UK Government’s target to produce 15.4% of all energy from renewable sources by 2020, generous subsidies and incentives have been implemented to engage business and investment in the sector.
The Government backed subsidy known as the Feed-In-Tariff [FIT] has been launched to incentivise companies in the UK to invest in and develop sources of renewable energy. Wind power is currently the frontrunner in the scheme with producers being paid for every kilowatt-hour (kWh) of electricity produced. Any surplus energy can be sold to power companies for an export tariff over and above the FIT.
Being one of the windiest countries in Europe, the UK is well placed to take advantage of this natural resource and tap into the lucrative wind market. [UK WIND MAP]
Access Energy is strategically and geographically well placed to take full advantage of development opportunities for our clients and investors in this sector.
Access Energy plc
45 Charlotte Square