If you need finance for a renewable energy project, UK Agricultural Finance can offer loans between £100,000 and £10,000,000, with a loan to value limit of 65%.
In 2015 the amount of electricity generated by renewable energy in the UK reached 25%, surpassing coal generation for the first time. The market for renewable energy in agriculture has been growing for some time now.
According to the NFU, an incredible 72% of poultry farmers are using renewables, but all sectors are investing in clean energy. There is also a record output for wind farmers in the UK and more farming businesses are exploring the potential of renewable energy. However, it’s important to get approval for these types of projects, with rigorous planning procedures needing to be passed beforehand.
Do you have unused land on your property? Are you considering investing in renewables in 2019?
If you wish to make additional income as a farmer, renewable energy can bring real value to underutilised land. It is also a great way to turn waste products into revenue. Furthermore, investing in this type of technology will lower your energy costs and make your farm more environmentally friendly.
UK Agricultural Finance regularly provide loans for farmers investing in renewable energy projects, including those in England, Scotland and Wales.
Previous clients include beef farmers who secured a feed-in tariff for a 600kW high-head run-of-river hydro power plant on their land in Scotland.
For more information on our loans for renewable energy projects, simply get in touch today.
01732 252 399.