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@ min video about UK proposed new Green Bank which could help create £100 billion for the renewables sector and 300,000 jobs — https://youtu.be/oXgvgRoBl7w
The UK set up a Green bank in 2012 only to then sell it 5 years later to Macquarie bank from Australia and barely made a profit.
It did however help the renewable sector in the UK as the London School of Economics claims that for every £1 the Green Bank invested £3 was invested by the private sector.
Research carried out in Germany found it now takes 2.5 years in Northern Europe and 1.5 years in Southern Europe for investors to recoup the cost of installing solar power.
Provided the solar systems are well maintained reports from Australia claim solar powered generation sites can last for over 30 years
There are reports that the UK government in a bid to go carbon neutral by 2050 is looking to set up another Green Bank and in a study by Siemens £5 billion could stimulate £100billion of private capital and in doing so create 300,000 new jobs
Jan 2020 the UK introduced Smart Export Guarantee so that large power suppliers have to pay micro electricity generators 5.4p per KWH, and as they start to compete it is hoped that this price will increase, as currently it costs the average UK household 14.37 per KWH to buy
To qualify you need 1.to be based in the UK 2. Generating renewable energy at home via solar PV, wind, hydro, micro combined heat and power (CHP), or anaerobic digestion (AD) 3. maximum capacity of 5 megawatts (MW) 4. Have MCS-certified installation for your micro power installation
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