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Growing interest in UK for farming the wind and the sunlight

UK: Concern about energy security ‘sparks rise in interest in developing renewable schemes’ EADT 24, UK , June 24, 2012  Growing concern about climate change and energy security has sparked the country-wide development of renewable energy facilities and commercial interest from landowners and developers, says surveyors’ organisation RICS. RICS surveyors in rural
areas are seeing “a substantial increase” in demand for due diligence
reports from banks who are seeking advice on the viability of using a
given site to develop wind or solar power, it says.

Banks are increasingly asking surveyors to advise on the suitability
of sites to build wind farms, most commonly prompted by developers, it
says. Most importantly, they are seeking advice on the performance of
wind turbines, construction and planning issues, and if the site is
windy enough to generate sufficiently high energy levels.

The additional revenue and income stream that can be generated for
landowners and developers by selling the renewable energy generated –
mainly electricity, into the grid has become an increasingly
attractive prospect. The UK government has taken a number of steps,
including the Feed in Tariff (FiT) to encourage growth in the
renewable energy market as it comes under increasing pressure to meet
UK and international carbon reduction targets, says RICS.

Surveyors are also seeing a rise in the demand for freehold and
leasehold valuations for sites where the value may rise as a result of
its potential to generate renewable energy as the market continues to
grow.

James Kavanagh, RICS Director of Land said: “Interest in the financial
benefits of generating renewable energy is certainly growing.
Landowners and developers in rural communities can create an income
stream by selling the energy from renewable energy installations, like
wind turbines to the national grid – powering homes with electricity
across the country…..
http://www.eadt.co.uk/business/farming-news/uk_concern_about_energy_security_sparks_rise_in_interest_in_developing_renewable_schemes_1_1416689

June 25, 2012 - Posted by Christina Macpherson | renewable, UK