UK bank Barclays has launched a £100 million fund for UK farmers investing in renewable energy.
Developed with sector specialists, the fund is available for solar, wind, and hydro projects in the UK, with Barclays including projected feed-in-tariffs when assessing each loan.
The bank said that new figures show that over one third of the UK’s 200,000 farmers are expecting to invest in renewable energy, with the majority doing so within the next year. It added that farmers expect the investment to generate returns averaging £25,000 per year.