Thursday 15 March 2012

£1.25m renewable energy investment for South Wales

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Over £1.25 million of solar panels have been fitted throughout the Milford Docks area and Pembroke Park, in the south of Wales. This is all part of the Welsh attempts to reduce their CO2 emissions by more than 170,000 tonnes and increase the use of renewable energy in Wales.

The project titled “The Green Electrician South Wales” is a joint venture between The Green Electrician Limited and Milford Haven Port. The plan is to use the existing infrastructure to install green technology in homes and businesses. The scheme have already installed Solar PV panels on a number of port side buildings and has currently reduced emissions to a point on par with taking 60,000 cars off the road.

Alec Don the Chief Executive of Milford Haven Port believes that the investment will not only reduce the city’s carbon footprint but also help to develop a business that can spread throughout the rest of Wales. Alec Don also stated that the project is looking at other opportunities to bring in wind, biomass and hydropower energy generation methods.

Whilst it appears that due to the uncertainty over the future of the feed-in tariff the demand for Solar PV could dip in the short term but will certainly pick up again thanks to improvements in technology and the rising costs of traditional fuels.

The feed-in tariff scheme is designed to encourage home and business owners to generate their own energy via small scale renewable energy installations. The tariff part is the rate that the Government pays for both the generated electricity and the amount of unused electricity put onto the national grid. Overall this can save homeowners in the region of £1000 a year in electricity bills.

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