Several nuclear reactors and coal powered power stations are about to be out of service by the end of this decade, and these should be replaced by renewable power. Solar power is the best option. Thanks to development in technology, panels like photovoltaic panels can generate power even in cloudy conditions. Let’s take a look at few points to know more about Government and private initiatives were taken towards maximizing the use of solar power in the UK.
Marks & Spencer construct the UK’s largest solar panel array
The United Kingdom’s largest multi-national retailer Marks & Spencer recently completed the nation’s largest solar panel array at their Castle Donington-based distribution centre.
The system is expected to generate 5,000 MWh power every year. It occupies the centre’s 900,000 sq ft roof area. Still, the power generated by this system will only meet 25 percent of the centre’s power requirements every year.
By 2020, Marks & Spencer aims to generate 100 percent of their power requirements for Ireland and the UK-based buildings from renewable sources.
While sharing his opinion about the project, M & S Director for Property, Hugo Adams highlighted the point that this project is the company’s first step towards maximizing use of renewable energy. He also said that the company is planning some more similar initiatives for use of solar power this year.
Amber Rudd, the country’s Energy Minister also interacted with journalists to discuss M & S’s system. She stressed on the point that more and more companies should install solar systems and convert their buildings into power stations. This will also help in creating more jobs in the country.
Elliott Capital Advisors has invested £100m in British solar power projects
One of the United Kingdom’s most popular newspapers, Sunday Telegraph recently reported that American Hedge fund’s British arm- Elliott Capital Advisors has recently invested in six solar projects spread across the nation. News reports suggest that overall these projects can generate 85 megawatts of power.
Experts keeping the track about this news believe that the company has invested around £9m in The Renewables Infrastructure Group alone. Plus, they pumped investment in five other companies that are present on the London stock market.
This and other news about investments in solar energy sector prove that the British Government’s schemes and initiatives like renewable obligation certificates have helped in driving companies towards renewable power. The Government aims to source 15 percent of Britain’s power needs from renewable sources by 2020.
The Government has recently offered support to several solar and wind farms. It aims to give them financial support under its reformed renewable incentive scheme. These projects are estimated to be worth around £315m.
Solar panels should reach every office and home’s rooftop
Along with corporate initiatives, the United Kingdom also needs efforts from the common man. Experts suggest that the country can easily manage to create 40 percent of its power from solar energy if solar panels are installed at least on 10 million residential properties by 2020. This report was released by the Imperial College in January this year. Currently, around half million homes in the UK have solar panels on rooftops.
The report stresses on the point that the British Government needs to create more plans in order to spread solar farms on rooftops of public offices and buildings. It highlights Germany’s efforts to increase the wind and solar power generation after Government’s decision in 2011 that aims at reducing the use of nuclear power. German Government aims to develop more renewable energy and stop all its nuclear power projects.
Under the British Government’s scheme, you can “earn” by simply generating your own power with the wind turbine or solar panels.
For each unit of electricity generated by your wind energy unit, or solar panel, you earn “generation tariff.” You can earn money for each unit, be depending on the type of technology, the size of your wind turbine or solar panel. You can also sell your excess energy to power companies under the “export tariff” initiative.
There are several more schemes that offer incentives to people who install solar panels on their home or commercial property’s rooftop. All that you need to do is install these panels from the certified installer.