In our lead article, we allude to the fact that securing project finance is a major obstacle to many farms and businesses. The current difficult borrowing climate is a source of frustration to many. It may however be a blessing of sorts in hindsight. “Easy” money has a poor record. It can encourage unrealistic aspirations, a lack of project diligence and the selling of unsuitable technologies.
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Funding Successes
Money, and the lack of it, represent a serious impediment to many on-farm renewable energy projects.
For small farm businesses, installing a wind turbine, PV solar array or a biomass burner is often beyond the means of the farm enterprise. There is much talk of finance but the reality of getting a loan is often quite different and many hurdles have to be overcome.
At the GreenYard we have been h...
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NIE receives funding towards grid connections
Some encouraging news for wind turbine projects as NIE has been given £2.3 million towards the cost of connecting renewable energy projects. The following is an extract from the NIE website:
NIE welcomes the investment approval by the Utility Regulator of up to £2.3m to facilitate additional small scale generation export from the 11kV network to the 33kV network.
As significant small scale g...
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2013 Wind Speeds Update
June to September 2013
Previously we looked at the average wind speeds for January to May 2013 (click here). Having experienced arguably one of the best summers for a number of years, it is no surprise that the average wind speeds for June to September 2013 are lower than the same period last year. The difference is approximately 13% compared to last year, with August being the only month that ...
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