A new study released by Barclays has found that one third of British farmers are planning on investing in renewables in the next two years. An overwhelming majority of farmers (82 percent) considering investing in renewables cited concerns over rising energy costs as their primary motivator for implementing renewables.
Martin Redfearn, Head of Agriculture at Barclays, explained: ?Most farmers see a move towards renewable energy as another form of diversification ? and rightly so, as it can substantially cut energy costs and create new revenue.
?Over half of farmers considering renewables are still undecided about when they will actually make the investment. Investment in this relatively new technology is a big step, but there is plenty of support out there for farmers who want to know more?
EnergyMyWay have installed a number of renewable technologies on farms ? solar PV and wind turbines are perhaps the most popular. If you are a farmer thinking of diversifying with renewables, get in touch with us to arrange a FREE consultation or survey.