A report published today highlights the opportunities for farmers to generate significant returns from small scale renewable energy assets.
The report - Maximising revenue from your electric crop - examines the current energy market landscape and what opportunities this presents for farmers and landowners with renewable energy assets on their land, as well as for those thinking about diversifying into renewable energy generation.
The report, prepared by energy offtaker, Limejump, provides farmers with practical advice for attaining the best financial returns from renewable assets such as solar photovoltaics, wind, hydro turbines and anaerobic digestion, as well as exploring the benefits for the agriculture industry to diversify through renewable assets.
Commenting on the release of the report, Limejump’s business development manager, Hamish Conway, said:
“Increasingly, farmers are opting to use renewable assets as a method of diversifying their farm, with it now earning them more on average than other diversification enterprises such as processing, retail, tourist accommodation and catering in England.
“But at a time of significant power price volatility and global economic uncertainty as a result of geopolitical conflict, it is important that farmers make informed decisions about how to sell their energy to maximise their returns.
"We wanted to create a resource for farmers that provides insight into the renewable energy landscape today, in addition to practical steps which ensure they make informed decisions on how they sell their energy in a market that, for many, is new.
“The report comes at a time when the challenges facing the agriculture industry are mounting, and our aim for this document is to provide guidance for farmers who have chosen, or are thinking of, diversify their farm through renewable assets, whether that’s a small-scale solar farm or single wind turbine.
“Farmers and landowners are playing a key role in providing the country with renewable energy; and last year through Limejump alone, provided enough energy to power 233,000 additional homes. "