Following the success of our Combined Heat and Power (CHP) seminar last month, this month we partnered with NatWest and Park Lodge Shooting School to deliver another seminar on how CHP works financially and current funding options available. With farmers increasingly struggling against falling commodity prices, farm diversification is becoming a key way of introducing new revenue streams.
Combined Heat and Power, or CHP, integrates the production of usable heat and power (electricity), in one single, highly efficient process. CHP using the Renewable Heat Incentive and Renewable Obligation Certificate, is the latest Government initiative calling for more individuals to become less reliant on the National Grid. The schemes aim to support landowners become self-sufficient by producing their own energy and in turn being paid to produce excess energy and feeding it back into the National Grid.
By producing heat from sustainable sources, CHP lowers the costs of carbon emissions in homes, businesses and the public sector. It can also provide a means of generating another income for farms during these challenging times. Working alongside Lombard and NatWest, our seminar hosted by Park Lodge Shooting School looked to highlight not only a concept which is sustainable and supported favourably by Government policy, but also to indicate the investment opportunities to individuals. With a strong turnout, the seminar was a great success, and we’re looking forward to helping our clients explore the benefits of implementing CHP.
If you’d like to learn more about CHP, the investment opportunities or funding available, please email Tom Vaughan or call 01665 511988