Aug 20 2010
Access Renewables, a UK-based green energy installation company, is in a come-back trail after the introduction of feed-in-tariff during the earlier part of this year.
The company, started by Sean Collier and Karen Jones last year with an idea to take advantage of low carbon building program of the government, suffered a setback when the government scrapped the program that was offering £2,500 incentives to home users for installing solar panels. The revenue of the company depleted from the anticipated £500,000 to £100,000.
The introduction of the feed-in-tariffs (FIT) program that allows the home owners to trade superfluous electric power to National Grid at a price that is thrice the normal price of a standard unit purchase price from a power utility. The FIT encouraged more home owners to switch over to solar power, thus boosting the sales of the solar companies. The encouraging FIT and consequent development in the solar sector made the company to relocate to a better site with warehousing facilities and improved office space and also increased manpower. The firm is hoping to achieve an annual turnover of £600,000 this year and is preparing to earn up to £3 million by the end of year 2012. The firm currently has won a contract of £50,000 to set up solar power panels at a housing colony in Bolton and another contract worth £25,000 to install solar panels at three schools in Stockton.
The UK government has introduced the FIT with an aim to achieve 15% renewable energy deployment before the year 2020 and to reduce the CO2 emissions from households by 29%.
Source: http://www.accessrenewables.co.uk/