Renewable energy proving a good F.I.T for businesses
Commercial uptake of renewable feed-in-tariffs exceeds expectations
In the four months since the launch of the feed-in-tariff incentive scheme for renewable energy, higher than expected numbers of commercial organisations have signed up to the scheme and have invested in sustainable energy systems.
The Government has come under fire from some in the renewable energy industry for aiming the feed-in-tariff primarily towards domestic installations and not focusing on the benefits sustainable energy could have for businesses.
However, total feed-in-tariff installations thus far have the capacity to generate 20.7 megawatts of power; 6.4 megawatts of which can be attributed to commercial applications.
While only 55 businesses have registered feed-in-tariff installations since 1 April this year compared to over 4,600 domestic installations, the larger scale of these commercial installations means that they account for over a quarter of the energy generation capacity of installations under the scheme so far.
These figures show that with nearly five thousand installations in four months, the scheme is stimulating the renewable energy market and also appealing to businesses and opening their eyes to the fact that microgeneration of electricity is a viable way to power industry and small businesses.
These figures make good reading for both the renewable energy industry in terms of product sales and the Government and their renewable energy targets, and the hope will be that the feed-in-tariff scheme will continue to stimulate the demand for microgeneration systems.
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