Tuesday, January 18, 2011

It's Helping the UK Meet its Green Future Goals

Ahhh, to be able to read, and especially see, the actual movement forward in this Country! Oh well, the U.S. lost what once was some three decades back, as others are moving forward!

Solarcentury sees FIT-driven growth


17th January 2011 - With the introduction of the feed-in tariff (FIT) last year, renewable energy sources such as solar and wind have seen a boost in installations across the UK. As more people begin to see them on houses in their own streets or in neighbour’s back gardens, solar panels and wind turbines can also expect to enjoy a growing embrace by the public.

This embrace will be a critical factor to help the UK meet its green future goals. The implications of the feed-in tariff are explored in detail in a new report from Greenbang, “The UK’s Feed-in Tariff: Impact, response and market trends for the decade ahead.”

It’s an exciting time for British businesses to be involved in the industries covered by the feed-in tariff. Many companies such as Solarcentury are experiencing rapid growth in numbers of employees, doubling in size by the end of the year. Other companies seeing substantial growth include Evance in the wind sector, Gilbert Gilkes & Gordon in the hydro sector and Monsal in the anaerobic digestion sector.

It’s now up to these companies to take control of the FIT’s positive effect on the market and use it to the greatest possible extent. That will require sound marketing and building a positive client base on the foundation of a good reputation.

While the UK is still lagging behind in the green economy compared to other European countries, it is not too little too late. Still, it hasn’t helped that the renewable energy incentives came into effect in an anemic, post-recession economy. That’s because the first two years are the most important: that’s when the feed-in tariff rate, as well as rate of installations, is highest. {continued}

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