At Bishop Fleming, we’re committed to helping our clients understand how renewable and sustainable energy can be of benefit to their businesses and to the future.
Renewable and sustainable energy is now a realistic option for businesses. It makes good financial sense to keep energy bills to a minimum. Many organisations are also energetic in their desire to lower their carbon emissions and have energy policies as part of their corporate social responsibility program. Bishop Fleming has created a Renewable & Sustainable Energy group to help clients achieve both these aims.
Fossil fuels (coal, oil and gas) still form 75% of the UK’s electricity generation capacity. There’s an increasing demand for all forms of energy and a dwindling supply, so the cost of energy is a big issue for businesses. The government must meet European targets to reduce carbon emissions by reducing our dependency on fossil fuels and developing renewable energy.
This will have the additional benefit of decreasing greenhouse gas emissions and environmental pollution, as well as addressing the issue of energy security for the future.
We’re currently working with a broad range of businesses in the sector. These include on-shore wind power generation companies, solar farms, solar PV installers, biomass producers, waste to energy plants, electrical waste recyclers, landfill sites and environmental charities. Examples of recent work we have undertaken within the environmental and renewables sector, see the tabs below.
If you’d like advice about how renewable and sustainable energy can benefit your business, get in touch with our team for further information.
The UK Government is committed to increasing the amount of final energy consumption to come from renewable sources from 3.3% to 15% by 2020 . This is in line with its target of reducing greenhouse gas emissions in the UK by at least 80% by 2050, relative to 1990 levels. (source – Department of Energy & Climate Change)
The UK has some of the largest wave and tidal energy resources in Europe. The Wave Hub is a groundbreaking renewable energy project backed by the South West Regional Development Agency (SWRDA). The project will create the UK’s first offshore facility to generate energy from wave power off the north coast of Cornwall. We were part of the project team for the proposed £42m Wave Hub project. Our role was to advise the SWRDA, develop business plans and financial models in support of the initial application for Government funding.
Devon Wind Power Ltd owns the Fullabrook Wind Farm, which is between Barnstaple and Ilfracombe in North Devon. There are 22 turbines of up to 3 megawatts capacity each, generating enough electricity to supply nearly 30,000 homes.
We were tax advisers to the Baker Group when it sold its wind farm operations to ESB (Electricity Supply Board). ESB aims to halve its carbon emissions in 12 years and be carbon neutral by 2035.
Plymouth based Crumb Rubber Ltd has developed a process to recycle old tyres into crumb rubber of various grades and is developing new markets for its finer grade crumb.
We advised the company on a £4m investment package from London-based private equity investor, Foresight Ventures – a mixture of equity, mezzanine finance and debt. The environmental nature of the investment fitted perfectly into Foresight’s clean-tech investment portfolio.
Plasloc has developed a hoarding system made from recycled plastic for use in the construction industry, in particular for supermarket refits.
The company needed to become ‘investor ready’, and we advised developing its business plan to present to potential investors, preparing financial forecasts and rehearsing presentations.