Investments in renewable energy production are still offering opportunities to farming businesses, large and small, says the Central Association of Agricultural Valuers (CAAV).
“For farmers looking to build resilience into their business, renewable energy offers an income that is independent from the risks of agriculture,” said CAAV secretary and adviser, Jeremy Moody (pictured above), adding that the current uncertainties attached to Brexit means the sector is “set to endure”.
Good Energy founder, Juliet Davenport, agreed, commenting that renewable energy now makes up nearly a quarter of the UK’s electricity production, following a 21% increase in sector share between 2013 and 2014.
“However, the UK still imports 60% of its energy requirement and, with the weaker pound, that will make imported power more expensive,” she said.
“Although the Brexit vote could undermine investors’ confidence in the short-term, therefore, the UK energy market is changing fast, with a sharp increase in the number of small-scale sites.”