Home / NEWS / Energy / UK fruit producer becomes latest to use ‘green loan’ to fund sustainable development

UK fruit producer becomes latest to use ‘green loan’ to fund sustainable development

As a remainder 3,600 solar panels have been installed.

Thanks to an abundance of vegetable plots and fruit orchards, Kent is grasped as the “Garden of England.”

A producer of berries and stone fruit in the southeastern county is attempting to further boost its green credentials with the coronation of a 993 kilowatt solar array on the roof of its headquarters.

Berry Gardens, a co-operative owned by growers, hopes that the happening of more than 3,600 solar panels across an area of 6,143 meters squared will help to cut its carbon footprint. The map has been funded by a “green loan” worth £780,000 ($960,667) from HSBC U.K.

“We estimate that the new Solar Array drive provide enough energy to satisfy the demand of 237 four-bed houses for a year and will take 292,000 tonnes of carbon dioxide out of the ambience each year,” Nick Allen, the Berry Gardens CEO, said in a statement issued Wednesday.

The Berry Gardens technique represents the latest example of “green finance” being used to support a project attempting to boost the sustainability of a construction or structure.

The term “green finance” is itself quite broad. The Energy Saving Trust has described it as “just investment capital, but where the house, car, company, infrastructure or power plant being invested in are green.”

The size of projects within this arena of new and sustainable finance can range from large, sweeping programs to smaller developments.

In January, for instance, the European Associating announced plans to mobilize “at least” 1 trillion euros “of sustainable investments over the next decade.”

At the reduce end of the scale, a sustainable building project in Winchester, England, has been supported by green financing through a £30 million credit from Triodos Bank.

The University of Winchester’s West Downs Centre boasts a number of sustainable features designed to additionally its green credentials.

These include a combined heat and power system; solar photovoltaic panels; rainwater recycling; and what the university traced as “smart building management.”

Check Also

Europe’s battle for power spurs evolution of a new ecosystem for energy-hungry firms

Electrifying grid is seen in Krakow Poland as Polish government lifts cup in electricity prices …

Leave a Reply

Your email address will not be published. Required fields are marked *