{"id":2028,"date":"2023-10-26T08:56:21","date_gmt":"2023-10-26T07:56:21","guid":{"rendered":"https:\/\/www.goodenergy.co.uk\/business\/?p=2028"},"modified":"2024-07-15T15:13:46","modified_gmt":"2024-07-15T14:13:46","slug":"blockers-growing-renewable-generation","status":"publish","type":"post","link":"https:\/\/www.goodenergy.co.uk\/business\/insights\/blockers-growing-renewable-generation\/","title":{"rendered":"3 blockers businesses face to growing their renewable generation assets"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In this article, we discuss three potential blockers that are stopping businesses and small renewable generators from growing their generation assets. We look at how they can be overcome, to help small generators to secure great return on investment.<\/p>\n\n\n\n<h3 id=\"1-there-isnt-a-consistent-net-zero-approach-from-government\" class=\"wp-block-heading\">1. There isn\u2019t a consistent net zero approach from government<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The government\u2019s fluctuating path to net zero, and <a href=\"https:\/\/www.bbc.co.uk\/news\/science-environment-67087411\">weakening of several key policies<\/a> has undermined confidence and urgency for critical carbon saving investments for many businesses and consumers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Good Energy, we regularly engage with the government on issues core to the net zero transition. But like many of the businesses we speak with, we believe that the government can play more of a leading role in accelerating the transition, so we can build resilience and security within our energy system, whilst also exploiting the benefits for businesses and consumers of decentralised, flexible renewable energy. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From selling power back to the grid, to aggregating your assets to provide flexibility services, businesses have exciting opportunities by moving quickly to invest in key carbon saving areas. <a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/six-reasons-why-sustainability-isnt-just-an-ethical-decision-its-a-commercial-one-too\/\">Embedding sustainability isn\u2019t just an ethical decision, it\u2019s a commercial<\/a><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/six-reasons-why-sustainability-isnt-just-an-ethical-decision-its-a-commercial-one-too\/\"> one<\/a> \u2013 and businesses should cash in on this.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re not sure how to get started, have a look at some of our other articles:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"is--inner-block\"><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/net-zero-for-small-businesses\/\">Getting to net zero \u2013 a how to guide for small businesses<\/a><\/li>\n\n\n\n<li class=\"is--inner-block\"><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/how-to-measure-your-carbon-emissions\/\">How to measure your carbon emissions<\/a><\/li>\n\n\n\n<li class=\"is--inner-block\"><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/how-to-support-greener-commuting\/\">How to support greener commuting<\/a><\/li>\n\n\n\n<li class=\"is--inner-block\"><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/science-based-targets-initiative\/\">What is the Science based Target initiative?<\/a><\/li>\n\n\n\n<li class=\"is--inner-block\"><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/six-steps-to-earning-an-income-from-your-renewable-generation-asset\/\">Six steps to earning an income from your renewable generation asset<\/a><\/li>\n<\/ul>\n\n\n\n<h3 id=\"2-funding-support-for-commercial-green-projects-is-hard-to-find\" class=\"wp-block-heading\">2. Funding support for commercial green projects is hard to find<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">On the whole, there has been a lack Government funding support for commercial green projects over the years, which has hampered growth. However, recent policy changes signal that this is improving.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From November 2023, businesses can now deduct <a href=\"https:\/\/www.gov.uk\/government\/publications\/full-expensing\/autumn-statement-2023-permanent-full-expensing-technical-consultation#:~:text=At%20Autumn%20Statement%202023%2C%20the,investment%20decisions%20to%20be%20made.\">50% of the upfront cost of solar<\/a> from their profits before paying corporation tax, essentially reducing the in-year cost of installation by 25%. In January 2024, the government also announced <a href=\"https:\/\/www.nfuenergy.co.uk\/news\/uk-government-announces-solar-grants-farmers\">grants for farmers<\/a> wanting to install solar panels on their land. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What third party funding is available for green projects?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From multinational banks to pension providers, financial organisations are increasingly moving away from investments in activities that contribute to the climate crisis. Instead, they are looking to finance green projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Good Energy\u2019s preferred funding supplier is Finpoint, an FCA-regulated intermediary that gives businesses greater transparency about the funding options available to them. Explore options from a range of lenders, all through one application.&nbsp; Good Energy customers can also benefit from 24\/7 support and impartial financial advice.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/how-to-get-financing-for-commercial-green-energy-projects\/\">Find out more about how to get funding for commercial green energy projects here.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-1024x576.jpg\" alt=\"solar panels for commercial buildings\" class=\"wp-image-1844\" srcset=\"https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-1024x576.jpg 1024w, https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-300x169.jpg 300w, https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-768x432.jpg 768w, https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-1536x864.jpg 1536w, https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-2048x1152.jpg 2048w, https:\/\/www.goodenergy.co.uk\/business\/wp-content\/uploads\/sites\/2\/2023\/08\/Albourne-Farm_06-1500x844.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 id=\"3-there-arent-enough-products-available-to-give-small-generators-a-good-return-on-investment\" class=\"wp-block-heading\">3. There aren\u2019t enough products available to give small generators a good return on investment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">There currently aren\u2019t enough products offering small generators a good return on investment for their generation assets. Commercial generators that are too small to qualify for a <a href=\"https:\/\/www.goodenergy.co.uk\/business\/get-paid-for-your-power\/\">PPA contract<\/a> have been left with uninspiring Smart Export Guarantee (SEG) rates, until now\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Good Energy, we are committed to paying renewable generators of all sizes fairly for the power they generate. We\u2019ve been developing products and offerings to help more businesses than ever get a great return on investment for their renewable generation assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For our FIT customers<\/strong>, we\u2019ve proactively rolled out <a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/what-is-smartexport\/\">Smart Export<\/a> \u2013 a method which pays generators with a smart meter for the energy they actually export to the grid rather than an estimated 50%. <a href=\"https:\/\/www.goodenergy.co.uk\/business\/insights\/what-is-smartexport\/\">Our data shows that on average our customers are exporting 60% to the grid<\/a> \u2013 so customers with larger portfolios could make substantially more money by switching to us.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And for <strong>commercial <\/strong>and <strong>portfolio generators,<\/strong> we are developing SmartGen Portfolio \u2013 an export tariff that will pay renewable generators market-leading rates for the power they export, with the back up of returning to FIT export rates if the market drops.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We will share more information about Smart Export Portfolio very soon. Why not <a href=\"https:\/\/www.goodenergy.co.uk\/business\/email-alerts\/\">sign up to our newsletter<\/a> to be among the first to benefit from the scheme as soon as it launches.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-buttons alignwide is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-7d812b4c wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-g-button--arrow is--inner-block\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.goodenergy.co.uk\/business\/get-paid-for-your-power\/\"><strong>Find out how we can support you to generate more and earn more for you power.<\/strong><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this article, we discuss three potential blockers that are stopping businesses and small renewable generators from growing their generation&hellip;<\/p>\n","protected":false},"author":14,"featured_media":752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48,14,12,11],"class_list":["post-2028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-solar","category-generation","category-large-business","category-small-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 blockers businesses face to growing their renewable generation assets | Good Energy for Business<\/title>\n<meta name=\"description\" content=\"We discuss three things stopping businesses from growing their renewable generation assets, and share information about our upcoming export tariff.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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