A company which partners with landowners and commercial property managers has received a funding boost.
Low Carbon Accelerator (LCA) has invested £500,000 in Vigor Renewables, a new company which aims to partner with landowners and commercial property development groups to build and operate wind and solar power assets in the UK.
The assets will be designed to qualify for the recently-announced feed-in tariffs which come into force next month, guaranteeing an inflation-linked income for certain renewable energy projects.
Vigor is currently negotiating on options for more than 15 sites in the UK, including agricultural plots and industrial sites.
"We've seen a significant number of renewable energy opportunities across the UK," commented Oliver Hughes, managing director of Vigor Renewables.
"There's no reason why farmers and commercial property owners can't become small-scale power producers in their own right."
LCA, an investor in the company, provides
sources of finance for low-carbon businesses, as well as monitoring and supporting management teams in businesses it has an interest in.
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