News: Greenbuy Energy secures agricultural contract

Greenbuy Energy, the Rotherham green energy company, is expanding into the agricultural sector after securing its first contract to supply a farm with solar energy panels.

With a head office at RiDO's Matrix business centre in Dinnington, the enterprise is extending its operation beyond supplying homes and business premises with renewables, as a change in the law in April means that commercial property owners, including farmers, can now have solar panels installed on their land without the need for planning permission.

Business partners Russell Paul, aged 32, and Steven Peacock, 36, have teamed up to create Greenbuy Energy to give home and business owners clear information and advice on how to make their premises energy efficient. They recently opened a high street showroom in Doncaster town centre.

Russell, from Laughton Common, Dinnington, and Steven from Hackenthorpe, Sheffield, have seven years experience in the heating and energy sector.

Russell Paul, business partner at Greenbuy Energy, said: "The need for planning permission is something which has deterred farmers from solar energy in the past, but this is now no longer a concern for them.

"As energy bills continue to soar more and more farmers are becoming interested in ways to save money and, for many, photovoltaic systems are a great option."

The company has signed its first agricultural deal with farmer Stephen Woodward, owner of the 200 acre, arable Poplar Farm in Woodall, Sheffield.

The deal is for 40 monocrystalline solar panels of 250 watts each on a south-facing barn at Poplar Farm. In a year, the system will produce ten kilowatt-peaks of photovoltaic energy – enough to provide a typical household with all its electricity for 17 months.

It is estimated that Mr Woodward's investment in the solar panels will generate a total benefit of £89,000 in 25 years. He said: "It makes a great deal of business sense and will go a long way to helping secure the financial future of the farm."

Greenbuy Energy predicts that the farm's solar panels will have an average annual return on investment of 18.34 per cent, and within less than eight and a half years they will have generated enough revenue to pay for themselves.

Russell said: "The size of the system we are installing on Stephen's property means that his energy savings will be particularly large. Many farmers have sizeable plots of land or numerous buildings, which means they can have more solar panels fitted to make even bigger savings.

"The solar feed-in tariffs mean that you are paid for generating electricity regardless of whether or not you actually use it, as any surplus electricity goes back into the grid and offers a further payment."

Greenbuy Energy website

Images: Greenbuy Energy