Seven in 10 farmers in the UK have now invested in renewables, according to research
UK farmers are investing more in renewable energy as they look to diversify their income streams, reduce carbon emissions and enhance sustainability.
According to new research from investment service Investec Wealth & Investment, farmers can use their land to generate clean energy, while also mitigating their environmental impact.
This is achieved by harnessing resources such as wind, solar, biomass and hydropower on farms.
The research revealed that 68 per cent of respondents say that they have invested in biomass energy, followed by wind energy (51 per cent), solar energy (39 per cent), hydropower (23 per cent), and battery energy storage systems (14 per cent).
Only two per cent of UK farmers said they were not currently involved in any renewable energy operations.
Meanwhile, 90 per cent of UK farmers claim to have received approaches from third party organisations who want to purchase carbon credits to offset their own emissions.
Divisional director of southern offices at Investec Wealth & Investment, Scott Jones, said: “Our survey shows how renewable energy production aligns well with the ethos of many farmers who are prioritising environmental stewardship and sustainable land management.
“By integrating renewable energy projects into their operations, farmers can demonstrate their own commitment to reducing carbon emissions, protecting natural resources and preserving the rural landscape for future generations.
“Such projects also offer farmers a way to future-proof their operations against the impacts of climate change and volatile energy markets.”
He concluded: “Such investment in renewable energy gives famers an opportunity to create other income streams, including the sale of carbon credits to third parties, which can be less susceptible to market fluctuations and regulatory changes, thereby enhancing the resilience and long-term viability of their businesses.”
